the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent.

Brent was at $51.91 a barrel, up $2.24 or 4.5%, WTI hit a 14-month low of $43.32, before recovering to $46.65, up $1.89, or 4.2%.

"I want to emphasize, for the Russian budget, for our economy, current oil prices are acceptable. Let me remind you that this year, as part of our macroeconomic policy, we took a Brent crude price of $42.40/b as the base level," Putin said during a meeting on the impact of the coronavirus on the global economy and the oil market with government ministers and representative of oil and gas companies.

Despite heavy lobbying by Saudi Arabia, the 23-country coalition of OPEC and non-OPEC producers has yet to agree on any plans to rein in crude oil production further.

The preliminary level for dry natural gas production in December 2019 was 2,977 billion cubic feet (Bcf), or 96.0 Bcf/d. This level was 7.3 Bcf/d (8.2%) higher than the December 2018 level of 88.7 Bcf/d.

Поступившие в федеральный бюджет в 2019 году доходы от размещения средств ФНБ в разрешенные финансовые активы составили 95 178,6 млн. рублей (в том числе проценты по валютным счетам в Банке России – 42 460,8 млн. рублей, доходы от вложений в иные финансовые активы – 52 717,8 млн. рублей).

Net income attributable to Rosneft shareholders $10.9 bln

2019 AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.79 MMBOE, WHILE AVERAGE DAILY LIQUIDS PRODUCTION WAS AT 4.67 MMBBL, THE INDICATORS REMAINED AT 2018 LEVEL

U.S. Rig Count is down 1 rig from last week to 790, Canada Rig Count is down 4 rigs from last week to 240

Brent was down $1.74, or 3.3%, at $49.99 a barrel, WTI fell $1.89, or about 4%, to $45.20.

In January 2020 India commissioned its sixth liquefied natural gas (LNG) import terminal, Mundra LNG

In 2019, the Government Pension Fund Global returned 19.9 percent, equivalent to 1,692 billion kroner.

RUSHYDRO Reported net profit – RUB 38,645 mn (+5%);

U.S. real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019

Brent rose 33 cents, or 0.6%, to $55.28 a barrel, WTI gained 41 cents, or 0.8%, to $50.31 a barrel.