U.S. outlays from a $2.2 trillion rescue package passed on March 27 are only just beginning.

The North American unit of French energy group Engie SA (EPA:ENGI) has secured up to USD 1.6 billion (EUR 1.46bn) in tax equity financing for its 2-GW portfolio of renewables assets in the US.

Adjust downwards their overall crude oil production by 10.0 mb/d, starting on 1 May 2020, for an initial period of two months that concludes on 30 June 2020. For the subsequent period of 6 months, from 1 July 2020 to 31 December 2020, the total adjustment agreed will be 8.0 mb/d. It will be followed by a 6.0 mb/d adjustment for a period of 16 months, from 1 January 2021 to 30 April 2022.

Against the euro EUR=EBS, the dollar last stood at $1.0941, on course for 1.3% weekly decline.

“Fusion energy technology holds great potential to be a safe, clean, reliable energy source, but research and development of fusion technology is often constrained by prohibitive costs,” said Under Secretary of Energy Mark W. Menezes.

U.S. Rig Count is down 62 rigs from last week to 602, Canada Rig Count is down 6 rigs from last week to 35

The United States has become the world’s largest producer but Trump’s administration has shown no appetite to mandate cuts.

Saudi Arabia and Russia, the two OPEC+ leaders, have insisted that they will only participate if the US also agrees to production cuts.

The oil market has collapsed due to the coronavirus pandemic, as well as the inability of the OPEC+ alliance to agree on a production cut strategy at its last meeting March 5-6, when Russia rejected a Saudi-led proposal for deeper cuts.

OPEC has been open to counting natural production declines in its output cut agreements, but there is no indication the US would be willing to sign up to that, and some delegates say Russia might not agree such a dressed-up US cut anyway.

The dollar’s rise came as global stocks wavered after two days of gains as deaths from the coronavirus mounted across the globe. The rising toll soured U.S. markets late on Tuesday, with pessimism spreading to Asian indexes a day later.

Front-month gas futures for May delivery on the New York Mercantile Exchange rose 11.0 cents, or 6.8%, to settle at $1.731 per million British thermal units.

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

«Россия считает необходимым объединить эти усилия. Мы готовы к договоренностям с партнерами и в рамках механизма ОПЕК+, и к взаимодействию с США по этому вопросу. В результате необходимо сократить добычу, предварительно, на 10 млн баррелей в сутки. Это должно происходить по-партнерски. Все понимают, что речь может идти о сокращении от уровня добычи 1 квартала текущего года», - подчеркнул Президент.​

«На нефтяном рынке спрос также падает, на 10-15%. Мы надеемся, что в течение нескольких месяцев с постепенным увеличением экономической активности спрос все же будет нарастать», - сказал Александр Новак.