Brent dropped $1.96, or 5.4%, to $34.10 a barrel, WTI declined by $2.41, or 7.1%, to $31.51.

China's economy shrank 6.8% in the first quarter

"When it comes to oil, there are signs that the market has tightened in recent weeks. The OPEC+ agreement, voluntary cuts outside OPEC-++, and production shut-ins are working together to start to rebalance the market. This will take time. As economies begin to open up, demand will follow, but the path to the next normal is not a straight line," Dr. Sultan Al Jaber, CEO of ADNOC Group and UAE minister of state said.

India's oil demand is reaching 60% to 70% of normal

The return on equity for energy companies and U.S. manufacturing decreased to 6% and 13%, respectively, in 2019

Last week’s filings lifted the number of people who filed claims for unemployment benefits to about 38.6 million since March 21.

The pound is in the lower band of its recent trading range, as Britain remains one of the countries hit hardest by the pandemic.

Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.

The July cancellations, roughly double what was reported for June, represent nearly two-thirds the average volume of US LNG that was produced monthly when the coronavirus began to spread globally in January,

Global gas prices have plunged to record lows in the past weeks due to an oversupplied market and reduced demand due in part to the coronavirus pandemic.

Argentina's oil-producing provinces applauded the reference price as well as an elimination of the 8% export tax when Brent is less than $45/b.

A bipartisan group of US Senators has called for the Department of Commerce (DOC) to extend the Russian Suspension Agreement (RSA), as recommended by the Nuclear Fuel Working Group (NFWG).

Brent rose 42 cents, or 1.2%, at $36.17 per barrel, WTI climbed 40 cents, or 1.2%, to $33.89.

Одним из приоритетных направлений российско-турецкого сотрудничества в сфере энергетики, кроме того, остается проект сооружения атомной станции «Аккую», пуск первого блока которой намечен на 2023 год к 100-летней годовщине Турецкой Республики.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.0 million barrels from the previous week. At 526.5 million barrels, U.S. crude oil inventories are about 10% above the five year average for this time of year.