Natural gas deliveries to U.S. LNG export facilities decline to the lowest level since October 2019

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 534.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year.

The UAE, which pumped a record 4.1 million b/d in April, has also pledged to trim an extra 100,000 b/d in June, on top of its OPEC+ commitments,

Turkey imported 2.06 billion cubic meters of LNG in March

Energy plays a strategic role in almost everyone’s thinking about the future of the U.S. economy.

U.S. electric utilities face increasing pressure to achieve financial targets. The current pandemic in the U.S. further compounds the problem that utilities have seen coming for several years.

The high cost and complication of carbon capture technology have created several obstacles for success over the years.

U.S. Rig Count is down 17 rigs from last week to 301, Canada Rig Count is down 1 rig from last week to 20

Brent were down 2%, or 71 cents at $34.03 per barrel, WTI were down 3%, or 98 cents, at $31.83 a barrel

Petronas Profit After Tax (PAT) for the quarter stood at RM4.5 billion, 68 per cent lower than the RM14.2 billion posted in the corresponding quarter in the previous year,

“Stand-alone power systems, which are usually a combination of solar, batteries and a back-up generator, are getting cheaper and more sophisticated. In contrast, supplying customers using poles and wires in remote areas can be very costly.”

Blockchain’s primary value is providing mathematical proof about the state of data, so that different parties to a transaction can agree on the outcome even if they do not know or trust each other.

Brent fell 53 cents, or 1.5%, to $35.64, WTI was down 50 cents, or 1.5%, at $33.85.

The blue-chip CSI300 index fell 0.7% to 3,845.61

The euro zone economy is likely to shrink between 8% and 12% this year