U.S. Rig Count is down 64 rigs from last week to 465, Canada Rig Count is down 4 rigs from last week to 26

Brent was down 73 cents, or 3.42%, at $20.60 per barrel, WTI fell by 84 cents, or 5.09%, to $15.66 a barrel

Energy prices overall (which also include natural gas and coal) are expected to average 40 percent lower in 2020 but see a sizeable rebound in 2021.

the State of Kuwait sensing a responsibility for responding to market conditions has already decreased some of its supplies to the international markets,

“As of today, in the European Union, we’re on course for a 5% to 10% (recession), meaning it’s about 7.5%. But that is today, and if things don’t improve and if we have a second peak (of the outbreak), things could get worse”, Breton said.

EBRD shareholders agreed to a comprehensive series of response and recovery measures that strengthen the Bank’s Solidarity Package , which was first unveiled on 13 March. The Bank now stands ready to provide support worth €21 billion over the 2020-21 period.

the euro weakened after a European Union meeting on Thursday to build a trillion euro emergency fund

the Nuclear Fuel Working Group’s Strategy to Restore American Nuclear Energy Leadership,

Compared to the two countries, the U.S. has also fallen behind on global sales of nuclear technology. “Civil nuclear reactor vendors from the United States have competed poorly in recent decades in the global new build market,”

The recommendations are meant to address growing concern in Washington that the United States has ceded its global leadership in nuclear technology in recent decades, and to boost domestic nuclear power producers and uranium miners suffering from a lack of investment.

Brent was up $1.60, or 7.8%, at $21.97 per barrel, WTI rose $1.74, or 12.6%, at $15.52 a barrel.

The U.S. oil industry was already struggling to satisfy investors unhappy with weak returns, even as the United States surged to become the world’s largest oil producer in the last few years.

The euro was last at $1.07795, with investors awaiting the result of a meeting of European Union leaders on the bloc’s response to the economic turmoil caused by the pandemic.

Britain’s economy is crumbling

The Argentinian government plans to set a minimum oil reference price for local producers at US$45/bbl,