U.S. Rig Count is down 17 rigs from last week to 301, Canada Rig Count is down 1 rig from last week to 20

Brent were down 2%, or 71 cents at $34.03 per barrel, WTI were down 3%, or 98 cents, at $31.83 a barrel

Russian President Vladimir Putin discussed the oil market with Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday

The EU executive unveiled a plan on Wednesday to support economies hammered by the pandemic

China energy intensity, which measures the amount of energy needed to generate one unit of GDP, decreased by 2.6% in 2019,

the European Commission has ignored the need for nuclear power as a clean, dispatchable and European source of energy

Chevron’s cuts equate to about 6,000 of its 45,000 non-gas station employees. It’s “streamlining our organizational structures to reflect the efficiencies and match projected activity levels,” the San Ramon, California-based company said Wednesday in a statement. “This is a difficult decision, and we do not make it lightly.”

Petronas plans to reduce its capital expenditures by 21% and its operating costs by 12% in 2020

Petronas Profit After Tax (PAT) for the quarter stood at RM4.5 billion, 68 per cent lower than the RM14.2 billion posted in the corresponding quarter in the previous year,

Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa.

“Stand-alone power systems, which are usually a combination of solar, batteries and a back-up generator, are getting cheaper and more sophisticated. In contrast, supplying customers using poles and wires in remote areas can be very costly.”

The Brazilian government has approved a BRL15.6bn (US$2.9bn) loan to support the Brazilian power sector

Blockchain’s primary value is providing mathematical proof about the state of data, so that different parties to a transaction can agree on the outcome even if they do not know or trust each other.

Enel S.p.A. (“Enel”) announces that its Chilean subsidiaries Enel Chile S.A. (“Enel Chile”) and Enel Generación Chile S.A. (“Enel Generación Chile”) have informed the market that their Boards of Directors have decided to accelerate the closure of Bocamina coal-fired power plant, located in Coronel.

Brent fell 53 cents, or 1.5%, to $35.64, WTI was down 50 cents, or 1.5%, at $33.85.