Woodside decided to reduce its planned expenditure in 2020 by around 50% to AUD2.4bn (US$1.5bn)

Brent up 35 cents, or 0.8%, at $43.25 a barrel, WTI rose 38 cents, or 0.1%, to $40.67 a barrel.

In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.

Spot gold was little changed at $1,808.85 per ounce by 0658 GMT. U.S. gold futures eased 0.2% to $1,808.40.

Gazprom's expectations for its realized European gas price for the year were also unchanged.

Brent fell 44 cents to $42.28, WTI fell 44 cents to $42.28

Crude oil production from the major US onshore regions is forecast to decrease 56,000 b/d month-over-month in July from 7,546 to 7,490 thousand barrels/day, gas production to decrease 712 million cubic feet/day from 80,266 to 79,554 million cubic feet/day .

The fact that we are seeing 20% to 30% capital cost cuts this year quite radically means that we will face huge volatility in the future, because these are supplies that will not be coming on time when demand will recover.

China Jan-June crude oil imports up 9.9%

After an 18% growth in 2018, the installed nuclear power capacity in China increased by 9% in 2019

Gas consumption in Q1 fell by more than 20% year on year in a number of EU countries, including Romania, Latvia, Finland and Slovakia.

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the second quarter and first half 2020.

U.S. Rig Count is down 5 rigs from last week to 258, Canada Rig Count is up 8 rigs from last week to 26

Brent was down by 73 cents, or 1.7%, at $41.62, WTI fell 83 cents, or 2.1%, at $38.79 a barrel

U.S. commercial crude oil increased by 5.7 million barrels from the previous week to 539.2 million barrels.