March 2020

India’s annual electricity demand in 2019 grew at its slowest pace in six years, according to the CEA, amid a broader economic slowdown that resulted in a fall in sales of everything from cars to cookies, prompting some large-scale industries such as the automobile sector to slash jobs.

Bulgaria imports 2.9 billion cubic meters of gas from Russia per year under a long-term contract valid through 2022.

The Ministry of Trade, Industry and Energy said in a statement that 21 to 28 coal-fired power plants would be closed from March 1 to March 31 in an effort to reduce emissions of fine dust.

Norway's fund aims to invest around $10.77 billion in unlisted renewable projects

the UAE has officially become a peaceful nuclear energy operating nation.

Saudi Arabia's oil sector declined by 3.6 percent in 2019 dragging overall GDP growth to 0.3 percent

Expected Austria's GDP to increase around 1¼ percent this year, mainly supported again by domestic demand.

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.