Australian independent oil and gas producer Santos has signed a letter of intent (LoI) to sell a 12.5% stake in the Barossa gas field in northern Australia to JERA, the joint venture between Japanese power utilities TEPCO and Chubu Electric.

The U.S. renewable energy sector has been hit hard by the coronavirus pandemic, with more than 106,000 U.S. workers losing their jobs last month,

Shell Australia (Shell) has taken a final investment decision to develop the first phase of Arrow Energy’s Surat Gas Project in Queensland, Australia.

Shell's ambition to be net zero on all the emissions from the manufacture of all our products (scope one and two) by 2050 at the latest;

Brent was down 19 cents, or 0.7%, at $27.50 a barrel, WTI was up 7 cents, or 0.4%, at $19.94.

the pan-European STOXX 600 index rose over 1% in early trade, spurred by a drop in the virus death tolls in both Spain and Italy and reassuring statements from two of the continent’s big budget airlines about their survival prospects.

The rupee declined in line with emerging market peers amid worries of a steep global recession due to the pandemic and hit a record low of 76.82 against the dollar.

U.S. total industrial production fell 5.4 percent in March, as the COVID-19 (coronavirus disease 2019) pandemic led many factories to suspend operations late in the month.

France's Framatome has signed a long-term service contract with the Taishan Nuclear Power Joint Venture Company Limited (TNPJVC) to support operations of units 1 and 2 at the Taishan nuclear power plant in China's Guangdong province. The 1750-megawatt EPRs entered commercial operation in December 2018 and September 2019, respectively.

ADNOC has terminated $1.65 billion worth of contracts

Brent fell $1.19, or 4%, to $28.41 a barrel, WTI slid 45 cents, or 2.2%, to $19.66.

The deal calls on OPEC, Russia and nine other allies to cut 9.7 million b/d of crude production in May and June, ramping down to 7.7 million b/d for the second half of 2020, and then 5.8 million b/d for all of 2021 through April 2022.

The coronavirus (COVID-19) pandemic presents a historic challenge. The prices of equities fell sharply, from previously overstretched levels. Oil prices plummeted in the face of weakening global demand and the failure of the OPEC+ countries to reach an agreement on output cuts.

The government of India plans to move 19 mbl of oil into its strategic petroleum reserves (SPR) by the end of May 2020,

Gold prices fell on Wednesday as investors locked in profits after strong recent gains. It was last at $1,711 an ounce.