nine Republican senators asked the Department of Commerce to launch an anti-dumping case against Saudi Arabia following its price war with Russia.

Средняя цена на нефть Urals за период мониторинга с 15 февраля 2020 года по 14 марта 2020 года составила $ 47,274 за баррель,

South Korea on Tuesday doubled a planned economic rescue package to 100 trillion won ($80 billion) to save companies hit by the coronavirus and put a floor under crashing stocks and bond markets.

In a co-ordinated global effort to stabilize financial markets in one of the biggest routs on record, Germany launched a stimulus package of up to 750 billion euros, while the U.S. Federal Reserve took unprecedented steps to shore up credit across the economy.

Brent was up by $1.38 a barrel, or 5.1%, to $28.41, WTI gained $1.54, or 6.6%, to $24.90.

Santos notes the announcement from S&P Global Ratings (S&P) reaffirming Santos’ BBB- credit rating with stable outlook.

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

State-owned oil and gas major Gazprom announced on February 20 it is looking to produce hydrogen from natural gas.

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

CNOOC total net profit rising significantly to RMB61.05 billion, an increase of 15.9% YoY, despite more than 10% drop in international oil prices.

The pan-European STOXX 600 index was up 4.2%, with energy .SXEP, autos .SXAP, insurers .SXIP and financials .SXFP jumping between 5.4% and 6.7%.

The Senate will vote on the $2-trillion package

Brent was trading up 65 cents, or 2.4%, at $27.80 a barrel, WTI rose to a high of $25.24 a barrel

Some US shale producers have been pressuring the Trump administration to intervene in the price war, which broke out after Russia earlier this month declined to go along with an OPEC proposal for production cuts to prop up prices.

Aramco plans to supply 12.3 million barrels per day of crude in the next two months, after talks with Russia to deepend OPEC+ output cuts floundered, starting a price war. The company will draw 3 million barrels per day from its stocks, producing 12 million barrels per day.

China is saving about $250mn a day after crude prices crashed this year amid dual demand and supply shocks.

Brent was trading up 65 cents, or 2.4%, at $27.80 a barrel, WTI rose to a high of $25.24 a barrel

“First, the outlook for global growth: for 2020 it is negative—a recession at least as bad as during the global financial crisis or worse. But we expect recovery in 2021. To get there, it is paramount to prioritize containment and strengthen health systems—everywhere. The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be.

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment.

Brent fell 64 cents, or 2.3%, to $26.75 a barrel, WTI fell 78 cents, or 3.2%, to $23.71 a barrel