Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.

The pan-European STOXX 600 fell 1.0%

Denmark's energy islands are an important part of climate action plan

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.

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.

The $300 billion Public Investment Fund bought stakes in global corporate leaders such as Boeing, Facebook, Disney, Marriott and Starbucks. It also invested in two big US banks, Citigroup and Bank of America, and took holdings in oil giants BP, Total and Royal Dutch Shell.

"It is a fact that nuclear power plants require large upfront investments, compared to other sources of energy,"

the Shanghai Composite index was up 0.61% at 2,885.83 points

The benchmark Nikkei average rose 0.7% to 20,177.79

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

Japan's economy contracted 0.9% in January-March, or at an annualized pace of 3.4%,

“We have to see that Chinese companies, partly with the support of state funds, are increasingly trying to buy up European companies that are cheap to acquire or that got into economic difficulties due to the coronavirus crisis,”

U.S. total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index

The new China's project for receiving imported liquefied natural gas (LNG)