Brent crude oil prices averaged $32/barrel (b) in March, a decrease of $24/b from the average in February and the lowest monthly average since January 2016.

The government of Kuwait plans to increase its oil production in April 2020, with an objective of 3.15 mb/d, up from an average production 2.69 mb/d in 2019 (2.74 mb/d in 2018).

Four LNG tankers are currently enroute to China after loading cargoes last month in the United States,

Александр Новак подчеркнул, что Энергетическая стратегия является основополагающим документом в сфере энергетики, ее положения будут детализированы и конкретизированы в плане реализации на среднесрочный период, генеральных схемах развития отраслей ТЭК и в других документах стратегического и перспективного планирования в сфере энергетики.

Saudi Arabia is following through on its threat to flood the market, after Russia last month rejected a Saudi-led OPEC proposal for significant production cuts to backstop already sliding oil prices from the coronavirus pandemic's impact on the global economy.

U.S. Commercial crude stocks jumped 13.83 million barrels to 469.19 million barrels during the week

China is boosting U.S. energy imports at a time when the world is swamped with excess supply after the Organization of the Petroleum Exporting Countries (OPEC) and Russia failed to extend production cuts and as measures to curb the spread of the coronavirus undermined demand.

The preliminary level for dry natural gas production in January 2020 was 2,930 billion cubic feet (Bcf), or 94.5 Bcf/d. This level was 5.9 Bcf/d (6.7%) higher than the January 2019 level of 88.6 Bcf/d.

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it will proceed with construction of the Keystone XL Pipeline Project (the Project), resulting in an investment of approximately US$8.0 billion into the North American economy.

Stocks have rallied since the start of last week but remain down more than 20% for the quarter.

Pakistan has long-term contracts for the import of eight LNG cargoes per month on a take-or-pay basis, and out of these five are from Qatar, a government spokesman said, adding that the Qatari volumes had been reduced to three cargoes for April through mutual discussion, without invoking any force majeure.

gas prices in Europe and Asia have collapsed to record lows, while the U.S. Henry Hub benchmark tumbled to its lowest since 1995.

As for last year's production volumes, we produced 500.1 billion cubic meters of gas and exported 199.3 billion cubic meters. The latter figure is slightly lower than in 2018, which was marked by a record 201.8 billion cubic meters. We also preserved our share in the European market at 35.6 per cent.

European gas stock levels for both January and February 2020 were the highest ever recorded for those months.

Significant volumes of Russian gas currently are transited to Germany via Poland, which are a key revenue generator for the country.