Global gas prices have plunged to record lows in the past weeks due to an oversupplied market and reduced demand due in part to the coronavirus pandemic.

Argentina's oil-producing provinces applauded the reference price as well as an elimination of the 8% export tax when Brent is less than $45/b.

A bipartisan group of US Senators has called for the Department of Commerce (DOC) to extend the Russian Suspension Agreement (RSA), as recommended by the Nuclear Fuel Working Group (NFWG).

Brent rose 42 cents, or 1.2%, at $36.17 per barrel, WTI climbed 40 cents, or 1.2%, to $33.89.

Одним из приоритетных направлений российско-турецкого сотрудничества в сфере энергетики, кроме того, остается проект сооружения атомной станции «Аккую», пуск первого блока которой намечен на 2023 год к 100-летней годовщине Турецкой Республики.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year.

Nord Stream 2 has until June 14 to appeal the BNetzA decision.

Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company’s rig count data series that dates back to 1987.

U.S. power grid weighted-average 5.8% decrease in demand for 2020 versus the same period in 2019.

The pan-European STOXX 600 fell 1.0%