March 2020

China’s annual crude oil imports in 2019 increased to an average of 10.1 million barrels per day (b/d), an increase of 0.9 million b/d from the 2018 average

Podcast/Audio - What the issues and market-specific variables that make energy storage such a diverse landscape?

В рамках визита генерального директора Госкорпорации «Росатом» Алексея Лихачёва в Народную Республику Бангладеш состоялась встреча с Премьер-министром страны Шейхом Хасиной Вазед. В ходе встречи были обсуждены вопросы двустороннего сотрудничества в развитии использования атомной энергии в мирных целях.

Brent was trading down 43 cents, or 1.5%, at $28.30 a barrel , WTI was down 47 cents, or 1.7%, at $26.48 a barrel

Euro Stoxx 50 futures fell 4.5%, boding ill for European stock markets.

The White House is proposing a roughly $850 billion economic rescue package Tuesday amid the coronavirus outbreak, a sweeping stimulus for businesses and taxpayers amid unseen since the Great Recession of 2008.

Finance Minister Bruno Le Maire announced a €45 billion ($50 billion) aid package to help businesses and employees cope with the escalating health crisis and brace for a recession.

"Saudi Aramco can sustain low oil prices for a long time," Aramco CEO Amin Nasser said on an earnings call. "We are very comfortable with a $30/b price [and] can meet our dividend and shareholder expectations at $30/b and even lower."

Saudi Arabia and Russia have signaled plans to boost production, causing oil prices to nosedive.

Oman pumped 970,500 b/d of crude and condensate in December 2019, according to its ministry of oil and gas, but will be boosting volumes to its full capacity of 1 million b/d over the next few months,