The euro was last at $1.07795, with investors awaiting the result of a meeting of European Union leaders on the bloc’s response to the economic turmoil caused by the pandemic.

Britain’s economy is crumbling

Nuclear power will play an important role in meeting the Europe's climate targets.

Norway's preliminary production figures for March 2020 show an average daily production of 2 038 000 barrels of oil, NGL and condensate,

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.

The pan-European STOXX 600 index was down 1.6%, after surging almost 8% since April 6 on early signs the health crisis was ebbing and on hopes that sweeping lockdown measures would soon be lifted.

The Australian dollar rose 0.7% to $0.6432, the New Zealand dollar firmed 0.6% to $0.6131 and the pound added 0.4% to $1.2562 - their strongest since mid-March.

France's finance Minister Bruno Le Maire said the economy was now expected to contract 8% this year instead of the 6% flagged as recently as Thursday.

The dollar rose 0.63% against the Norwegian crown NOK=D3 to 10.23

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

EDF would lower its 2020 nuclear power production target of 375-390 TWh, but did not say by how much.

"At the same time, the industry has announced and initiated a number of measures, and we can already see that this is affecting activity on the Norwegian shelf. Substantial cost cuts have been announced, reducing both exploration activity, investments and operating costs moving forward," says Director General Ingrid Sølvberg.

In Germany, renewable energies accounted for nearly 52% of the power mix in the first three months of 2020. In Spain, renewables contributed by nearly 45% of the total power generation in mainland Spain in the first quarter of 2020.

A consortium led by circular carbon energy company Liquid Wind will produce liquid, carbon neutral fuel from captured carbon dioxide and green hydrogen at a new facility in Sweden.

Oil slid to $25 a barrel on Wednesday, within sight of its lowest in 18 years,