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,

the LNG industry was already under pressure from low international prices and weaker-than-expected demand in key end-user markets.

The rapid growth of nuclear in India is illustrated by the construction of 21 nuclear reactors to increase the power generation to 15,7 GW by 2031 in Mahi Banswara, Gorakhpur, Kudankulam, Rawatbhata, Kakrapar, Chutka-Madhya, and Kalpakkam (Fast Breeder).

U.S. industrial production rose 0.6 percent in February after falling 0.5 percent in January

Brent crude was 0.5% lower at $29.91 a barrel , WTI crude reversed most of its earlier 4.7% gains to stand at $29.04 a barrel.

The IMF stands ready to mobilize its $1 trillion lending capacity to help our membership.

Crude oil production from the major US onshore regions is forecast to increase 18,000 b/d month-over-month in March from 9,057 to 9,075 thousand barrels/day, gas production to decrease 188 million cubic feet/day from 85,167 to 84,979 million cubic feet/day .

ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases,

The German energy group RWE plans to invest €5bn to expand its renewable capacity by 2022, including €1bn in Germany.

Brent crude fell $1.13 to $32.72 a barrel , WTI crude was at $31.01, down 72 cents after slipping below $30 earlier in the session

In April, Russia may fully return to production levels reached before the OPEC+ deal in October 2018, Novak said.