March 2020
![March 2020](/cache/03-20/PRICE-209.c1cec9a8.jpg)
![March 2020](/cache/03-20/PRICE-205.d96185c7.jpg)
2020, March, 16, 10:35:00
U.S. STRATEGIC PETROLEUM RESERVE
Replenishing the Strategic Petroleum Reserve would enable the government to take as much as 77 million barrels off the world market.
![March 2020](/cache/03-20/usa-105.cb404a98.jpg)
2020, March, 16, 10:30:00
U.S. FEDERAL FUNDS RATE 0 - 0.25%
the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent.
![March 2020](/cache/03-20/UAE-60.b153f532.jpg)
2020, March, 16, 10:25:00
UAE, SAUDI ARABIA INCENTIVES $40 BLN
The UAE's central bank announced a package of $27.3 billion, Saudi Arabia's central bank announced the same day a $13.3 billion package
![March 2020](/cache/03-20/AFRICA-52.cf3c3d95.jpg)
2020, March, 16, 10:20:00
AFRICA HOPES FOR GAS
Africa hopes to exploit its 509.6 Tft3 of proven natural gas reserves, which amount to nearly 7.3% of global total reserves of 6,951.8 Tft3.
![March 2020](/cache/03-20/nuclear-268.02e4870b.jpg)
2020, March, 16, 10:15:00
INDONESIA, PHILIPPINES NUCLEAR POWER
Indonesia and the Philippines to be moving to revive dormant nuclear energy plans
![March 2020](/cache/03-20/WIND-11.5420624e.jpg)
2020, March, 16, 10:10:00
CHINA, FRANCE WIND INVESTMENT $1 BLN
The joint-venture project, with a total investment of 7.9 billion yuan (about 1.13 billion U.S. dollars), was the first of its kind in offshore wind power with both domestic and foreign investment, China Energy said.
![March 2020](/cache/03-20/SAUDI-160.2b1b123d.jpg)
![March 2020](/cache/03-20/RIG-160.77f9be09.jpg)
2020, March, 16, 10:00:00
U.S. RIGS DOWN 1 TO 792
U.S. Rig Count is down 1 rig from last week to 792, Canada Rig Count is down 28 rigs from last week to 175
![March 2020](/cache/03-20/PRICE-203.090359fb.jpg)
2020, March, 13, 12:40:00
OIL PRICE: ABOVE $34
Brent was up $1.12, or 3.4%, at $34.33 a barrel , WTI rose $1.17 cents, or 3.7%, to $32.66 per barrel