A new programme launched today by the US Department of Energy (DOE) will provide USD160 million initial funding

Brent were up $1.17, or 4%, at $30.36 per barrel, WTI were $1.1, or 4.4%, higher at $26.39 per barrel.

For 2019, world oil demand growth is kept broadly unchanged compared to last month’s assessment, estimated to have grown by 0.83 mb/d, y-o-y, to average 98.72 mb/d. In 2020, world oil demand growth is adjusted lower by 2.23 mb/d and is now forecast to drop by 9.07 mb/d.

Under the baseline scenario, GDP growth in developed countries will plunge to –5.0 per cent in 2020, while output of developing countries will shrink by 0.7 per cent.

EIA expects U.S. total liquid fuels consumption will rise from an average of 15.9 million b/d in the second quarter of 2020 to 18.7 million b/d in the third quarter of 2020 and then to average 19.8 million b/d in 2021, up 8% from 2020, but lower than 2019 levels.

The Shanghai Composite index ended 0.96% lower at 2,870.34.

India's coal production would rise to 700 Mt in the current fiscal year (April 2020-March 2021)

As the world’s fourth-largest onshore wind market by installations, India has 37.5 GW of wind capacity as of 2019.

Shell announced that all conditions for its Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG (NLNG) have now been met.

Brent dropped 56 cents, or 1.9%, to $29.42 a barrel, WTI fell 23 cents, or 0.9%, to $25.55

China generates more electricity than Europe and the USA combined and China will double again in twenty years.

Brent crude oil prices will average $34/b in 2020, Brent prices will rise to an average of $48/b in 2021

Supplies to China continue at around 9 million cu m/d through the landmark pipeline -- the first direct link for Russian gas to reach China by pipeline.

Even before the pandemic, India’s growth was slowing and public finances were strained because of poor tax collection and higher spending.

The Nord Stream 2 operating company has declined to give any guidance on the schedule for completing the pipeline, saying only that it was "actively looking for solutions" to finish the pipelaying work.