India's power demand was heavily impacted during the Q1FY21 lockdown (bringing all economic activity to a standstill), falling 15.5% Y-o-Y during Q1FY21 and 7.8% Y-o-Y during 1HFY21.

Basrah Gas Co., which counts Shell, Mitsubishi Corp. and Iraq's state-owned South Gas Co. as shareholders, will boost its production to 1.4 Bcf/d from the current 1 Bcf/d by 2025 at a cost of $3 billion,

U.S. commercial crude oil inventories increased by 0.1 million barrels from the previous week to 493.1 million barrels,

U.S. Rig Count is up 2 from last week to 440, Canada Rig Count is down 4 from last week to 51

U.S. Rig Count is down 1 from last week at 438, Canada Rig Count is down 1 from last week to 55

Brent rose 42 cents, or 0.6%, to $65.82 a barrel. WTI jumped 51 cents, or 0.8%, to $61.94 a barrel.

OPEC+ officials said they see no reason to be alarmed, and the group's production is set to rise anyway.

Brent declined 95 cents, or 1.4%, to $65.62 a barrel. WTI fell 93 cents, or 1.4%, to $61.74 a barrel.

Europe’s top indexes also all opened higher ahead of the latest meeting of the European Central Bank, with the broad STOXX Europe 600 up 0.5%, bolstered by upbeat earnings from Nestle and Volvo.

South Korea imported 1.448 million mt, or 10.61 million barrels, of US crude in March, up 22.1% from February and the highest monthly shipment since 14.83 million barrels imported in April 2020, latest data released by the Korea Customs Service showed.

U.S. commercial crude oil inventories increased by 0.6 million barrels from the previous week to 493.0 million barrels,

Baker Hughes Company Announces First Quarter 2021 Results

First quarter revenue of US$964 million was stronger despite the contractual 3-month lag in oil-linked LNG prices and lower overall sales volumes

Brent declined 95 cents, or 1.4%, to $65.62 a barrel. WTI fell 93 cents, or 1.4%, to $61.74 a barrel.

India's crude imports fell 10.3% year on year to 201.5 million mt in 2020, or 4 million b/d, data from the Petroleum Planning and Analysis Cell showed, as oil products demand in 2020 posted negative growth for the first time in nearly two decades.