Norway's preliminary production figures for April 2020 show an average daily production of 2 117 000 barrels of oil, NGL and condensate,

Brent were up 10 cents, or 0.3%, at $34.75 per barrel, WTI were down 2 cents at $31.94 a barrel

the U.S. economy would contract at a 37.7% annual rate in the second quarter, but expand at a 21.5% pace in the July-September period.

the Shanghai Composite index was down 0.45% at 2,885.54.

Global gas demand to total close to 3,878 billion cubic meters (Bcm) in 2020, down from 3,951 Bcm last year. In its pre-Covid-19 estimates, this year’s natural gas demand was expected to grow to 4,038 Bcm.

Asia's projects were meant to usher in the next wave of LNG demand, based off economic growth and electricity demand projections in the pre-COVID 19 era.

LNG developers have started relooking at their strategies and capex plans for 2020.

The USA produced a total of 0.17 million pounds U3O8 (65.4 tU) of uranium concentrate from all domestic sources in 2019, according to a newly published annual report from the US Energy Information Administration (EIA). This was 89% less than in 2018.

The iron and steel sector produces coils, bars, wire, cast iron and other products. The largest share of energy use in this industry is for crude steel making.

Brent climbed 25 cents, or 0.7%, to $35.06 a barrel, WTI was up 43 cents, or 1.4%, at $32.25 a barrel

Средняя цена на нефть Urals за период мониторинга с 15 апреля по 14 мая 2020 года составила $19,90762 за баррель, или $145,3 за тонну.

To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.

Crude oil production from the major US onshore regions is forecast to decrease 197,000 b/d month-over-month in May from 8,019 to 7,822 thousand barrels/day, gas production to decrease 779 million cubic feet/day from 82,249 to 81,470 million cubic feet/day .

Brent was up $1.06, or 3.3%, at $33.56 a barrel, WTI was up $1.29, or 4.4%, at $30.72 a barrel

U.S. gold futures gained 0.8% to $1,770.50.