Spot gold was down 0.2% at $1,708.07 per ounce as of 0700 GMT, while U.S. gold futures slid 0.9% to $1,711.80.

Oil companies, including Norway’s state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.

Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021.

the U.S. goods and services deficit was $49.4 billion in April, up $7.1 billion from $42.3 billion in March

PJSC RusHydro (MOEX, LSE: HYDR; OTCQX: RSHYY) announces non-consolidated financial results under Russian accounting standards (RAS) for the first quarter ended March 31, 2020.

Brent fell 1.18%, or 47 cents, to $39.32 a barrel, WTI slid 1.80%, or 67 cents, to $36.62 a barrel.

Russian Energy Minister Alexander Novak said on Thursday that the global oil market may see a shortage of 3-5 million barrels per day (bpd) in July, depending on the parameters of a deal to be reached by OPEC+ producers,

Ten countries, including Canada, Australia and Brazil, joined the United States last year to form the Energy Resource Governance Initiative, or ERGI,

The US in May extended Iraq's sanctions waiver for 120 days to import Iranian electricity,

"26% of the electricity produced in the EU comes from nuclear energy and it remains the largest source of low-carbon electricity. However, 50% of the EU’s electricity mix is still based on historic CO2-emitting fossil fuel technologies and these must be replaced by new low-carbon sources as the EU transitions to a carbon neutral economy by 2050.