Saudi Arabia has said it could raise production to 12 million barrels per day,

On Monday, Aramco shares opened trading at Riyals 27 ($7.19) before rising modestly to close at Riyals 28.35. That is 11.4% below its IPO price, prompting the company's valuation to slide to about $1.5 trillion from $1.7 trillion in December, in the wake of Friday's failure by OPEC and Russia to reach a deal on oil production cuts.

the U.S. unemployment rate was little changed at 3.5 percent

Brent were down 22% at $37.05 a barrel, WTI fell by more than 24%, to $33.20 a barrel,

A Saudi industry source said the world's biggest oil exporter is merely responding to Novak's comments that as of April 1, countries are no longer bound by their quotas. The current OPEC+ agreement to cut 1.7 million b/d winds up at the end of March.

OPEC recommend extending the duration of the proposed 1.5 million barrel per day additional adjustment until the end of 2020, instead of 30th of June 2020.

Gazprom, OMV have agreed, inter alia, to extend until June 2022 the negotiations for the final agreement on the deal.

Canadian Nuclear Laboratories and the UK's National Nuclear Laboratory have agreed an action plan to boost collaboration in energy, medical isotopes, waste management and decommissioning, while the Canadian Nuclear Association and the UK's Nuclear Industry Association have signed a Memorandum of Understanding to collaborate in promoting nuclear technologies. Canada's 19 nuclear power reactors produce 15% of the country's electricity. The UK's 15 nuclear power reactors, operating across eight sites, account for 21% of that country's generation.

how to counter the fear factor, thereby allowing the use of nuclear power as a clean source of energy

U.S. International Trade in the goods and services deficit was $45.3 billion in January, down $3.3 billion from $48.6 billion in December,

The worldwide rig count for February 2020 was 2,125, up 52 from the 2,073 counted in January 2020, and down 181 from the 2,306 counted in February 2019.

U.S. Rig Count is up 3 rigs from last week to 793, Canada Rig Count is down 37 rigs from last week to 203.

Brent crude fell 49 cents, or 0.98%, to $49.50 per barrel, WTI was down 46 cents, or 1%, at $45.44 per barrel.

With oil prices tumbling, OPEC now wants to deepen its production cuts with non-OPEC allies by 1.5 million b/d for the full year 2020, instead of just the second quarter, sources said Thursday.

U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019,