World oil demand is projected to decrease by 9.1 mb/d in 2020, unchanged from the previous month’s assessment. The COVID-19 pandemic has negatively affected global economic activities, eliminating global oil demand growth potential and leading to a y-o-y decline of 6.4 mb/d in 1Q20 and by 17.3 mb/d y-o-y in 2Q20.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year.

Nord Stream 2 has asked -- as a precautionary measure -- for an amendment to its Danish pipelaying permit to allow the potential use of pipelay ships that use anchors for positioning.

Saudi Arabia exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.

Oil demand in 2020 is expected to fall by 8.1 mb/d, the largest in history, before recovering by 5.7 mb/d in 2021.

Crude oil throughput at China's domestic refineries further recovered to 13.69 million b/d

Once considered a bulwark against the forces of modernization, industry and technological change is pushing energy trading organizations to consider a number of strategic changes to their front, middle, and back office functions that optimally engage people and systems to navigate our VUCA world.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 538.1 million barrels, U.S. crude oil inventories are about 14% above the five year average for this time of year.

monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.

Gazprom and RusGazDobycha are implementing the project for a natural gas processing and liquefaction complex near the settlement of Ust-Luga,

The floating LNG storage and transshipment units will serve Novatek’s projects under development in Murmansk and Kamchatka

S.Korea aims to sharply increase production of hydrogen-powered vehicles and electricity generation by hydrogen, in an effort to use hydrogen as a major energy source for transportation and power generation.

Global LNG trade in 2019 amounted to 354.73 million mt, which was an increase of 13% from 2018 and the sixth year of consecutive growth,

In the first three months of 2020, Japan imported 44.8 million tons of coal, which increased by 3.4% in comparison to 43.3 million tons imported in the first quarter of 2019.

The foundation of AI is data and, based on the huge amount of it that utilities collect about customers, they’re well-positioned to deploy AI to improve customer care.