This is Saudi Arabia's second consecutive monthly price cut after it slashed crude prices by $5-$8/b for April loading crude last month.

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 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.

The Philippine index led the gains, rising 3% and hit its highest close in a month. Big caps Ayala Corp and Bank of the Philippine Islands rose 8.3% and 5.2%, respectively.

Brent fell 8 cents, or 0.3%, to $31.66 a barrel, WTI was down 36 cents, or 1.6%, at $22.05

The project was approved by a federal government order in 2018. Tvel said the synchrotron and related infrastructure are scheduled to be commissioned in 2024. Total investment in the project will be more than $580m.

The deal calls on OPEC, Russia and nine other allies to cut 9.7 million b/d of crude production in May and June, ramping down to 7.7 million b/d for the second half of 2020, and then 5.8 million b/d for all of 2021 through April 2022.

The coronavirus (COVID-19) pandemic presents a historic challenge. The prices of equities fell sharply, from previously overstretched levels. Oil prices plummeted in the face of weakening global demand and the failure of the OPEC+ countries to reach an agreement on output cuts.

The government of India plans to move 19 mbl of oil into its strategic petroleum reserves (SPR) by the end of May 2020,

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.

Gold prices fell on Wednesday as investors locked in profits after strong recent gains. It was last at $1,711 an ounce.

Brent fell $1.19, or 4%, to $28.41 a barrel, WTI slid 45 cents, or 2.2%, to $19.66.

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

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.

U.S. total industrial production fell 5.4 percent in March, as the COVID-19 (coronavirus disease 2019) pandemic led many factories to suspend operations late in the month.

ADNOC has terminated $1.65 billion worth of contracts

Таким образом, в первые месяцы соглашения страны-производители могут снизить суточную добычу на 15-20 млн барр/с.

Средняя цена на нефть Urals за период мониторинга с 15 марта по 14 апреля 2020 года составила $19,00075 за баррель

the pan-European STOXX 600 index rose over 1% in early trade, spurred by a drop in the virus death tolls in both Spain and Italy and reassuring statements from two of the continent’s big budget airlines about their survival prospects.

The rupee declined in line with emerging market peers amid worries of a steep global recession due to the pandemic and hit a record low of 76.82 against the dollar.