Russia is set to record negative GDP growth of 4.5 per cent in 2020 following the shocks caused by the coronavirus pandemic and the collapse of the OPEC+ agreement to limit oil production.

Total U.S. nonfarm payroll employment fell by 20.5 million in April,

In 2019, Saudi Aramco produced 13.2 mmboed, including 9.9 mmbpd of crude oil (including blended condensate and excluding the Kingdom of Bahrain’s share of volumes produced from Abu Sa’fah field).

The Dow Jones Industrial Average .DJI rose 211.25 points, or 0.89%, to 23,875.89, the S&P 500 gained 32.77 points, or 1.15%, to 2,881.19, and the Nasdaq Composite .IXIC added 125.27 points, or 1.41%, to 8,979.66,.

The German government expects the economy, which has traditionally been dependent on exports, is expected to shrink by a post-World War Two record of 6.3% despite a massive rescue package of 750 billion euros to cushion the impact of the pandemic.

The S&P/ASX 200 index settled 0.5% higher at 5,391.1. The benchmark climbed nearly 3% this week, its biggest weekly rise since April 10.

The Turkish lira has lost some 18% this year under pressure from the novel coronavirus, which has killed 3,641 people in Turkey.

Shell and Eneco are participating in the tender for Hollandse Kust (noord) through their joint venture CrossWind.

Russia has prioritised the development of LNG for export and the project may help the country reach its goal of producing 120 to 130 million tonnes of LNG a year in the next decade and raise its share in the global LNG market to up to 20% from around 6% in 2018, based on government data.

The S&P/ASX 200 index closed 0.4% lower at 5,364.20 points, after shedding 0.4% on Wednesday. The index is off 25.6% from its lifetime high on Feb. 20, 2020​.

GE (NYSE:GE) announced results for the first quarter ending March 31, 2020.

ENEL net income 1,247 million euros (1,256 million euros in the first quarter of 2019, -0.7%)

The bearish near-term outlook for the industry has forced many companies to reassess their forward expenditure. To date, more than US$85bn has been cut from over 100 companies across the industry.

The euro reached an eight-day low against the dollar early on Wednesday

Russian budget revenues are expected to fall 4 trillion roubles below expectations.