2020

U.S. Rig Count is down 73 rigs from last week to 529, Canada Rig Count is down 5 rigs from last week to 30

Brent rose by 50 cents, or 1.8%, to $28.32 a barrel, WTI tumbled by $1.27, or 6.4%, to $18.60

Saudi Arabia and Russia are strongly committed to implement the agreed target cuts over the next two years

U.S. petroleum demand declined to 19.4 million barrels per day (mb/d) in March, which was a 4.6% decrease from February

Saudi Aramco will cut oil supplies in May by almost 4 million b/d,

China on Friday reported a contraction of 6.8% in its Q1 GDP, but economic activity improved in March from January-February.

The NSE Nifty 50 index closed 3.05% higher at 9,266.75, while the benchmark S&P BSE Sensex rose 3.22% to 31,588.60. Both the indexes finished the holiday-shortened week more than 1% higher.

Norway's preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate,

Australian independent oil and gas producer Santos has signed a letter of intent (LoI) to sell a 12.5% stake in the Barossa gas field in northern Australia to JERA, the joint venture between Japanese power utilities TEPCO and Chubu Electric.

The U.S. renewable energy sector has been hit hard by the coronavirus pandemic, with more than 106,000 U.S. workers losing their jobs last month,