April 2020

The government of Kuwait plans to increase its oil production in April 2020, with an objective of 3.15 mb/d, up from an average production 2.69 mb/d in 2019 (2.74 mb/d in 2018).

In Germany, renewable energies accounted for nearly 52% of the power mix in the first three months of 2020. In Spain, renewables contributed by nearly 45% of the total power generation in mainland Spain in the first quarter of 2020.

ExxonMobil capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion.

Brent was up by 80 cents, or 2.4%, at $33.85 a barrel, WTI was up by 83 cents, or 3.2%, at $26.91 a barrel

Asia's markets in Seoul, Shanghai and Hong Kong opened higher, then pared gains.

Front-month gas futures for May delivery on the New York Mercantile Exchange rose 11.0 cents, or 6.8%, to settle at $1.731 per million British thermal units.

Four LNG tankers are currently enroute to China after loading cargoes last month in the United States,

A very large economic contraction is, however, expected to be recorded in the June quarter and the unemployment rate is expected to increase to its highest level for many years.

ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed 10-years term contract for supply of low-enriched nuclear fuel components,

Brent was down $1.23, or 3.6%, at $32.88 a barrel, WTI was $1.01, or 3.6%, lower at $27.33 a barrel