2020

U.S. Rig Count is down 64 rigs from last week to 664, Canada Rig Count is down 13 rigs from last week to 41

Brent gained 3.64% to $31.03, WTI fell 0.83% to $25.11.

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day

"It's impossible to take measures to reduce OPEC+ production by 20 million b/d, this is probably half of all countries' total production," Novak said

Russian energy minister Alexander Novak said a coordinated OPEC+ production cut would not be enough to compensate for the fall in demand caused by the coronavirus pandemic, which he said could reach 20 million b/d.

Urals crude, Russia’s export blend, is now trading firmly below $20 a barrel, a level which could equate to a budget deficit of 2% of gross domestic product this year,

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $39.9 billion in February, down $5.5 billion from $45.5 billion in January, revised.

A consortium led by circular carbon energy company Liquid Wind will produce liquid, carbon neutral fuel from captured carbon dioxide and green hydrogen at a new facility in Sweden.

Brent was up 10.75%, or $2.66, to $27.40, WTI rose 10.09% or $2.05, to $22.36.

Главами энергетических ведомств России и США была отмечена необходимость конструктивного ответа на существующие вызовы и последующее продолжение диалога.