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?

Alexey Likhachev, Director General of ROSATOM met with Prime Minister Sheikh Hasina Wazed in the People's Republic of Bangladesh. During the meeting, the Parties discussed issues of bilateral cooperation while development and use of nuclear energy for peaceful purposes.

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,