Brent was down $1.12, or 4%, at $26.96 a barrel, WTI fell $4.79, or 26.2%, to its lowest since March 1999 at $13.48,

It is Shell’s first big investment decision since the coronavirus crisis and tensions between Saudi Arabia and Russia caused oil prices to crash below $30 per barrel. Natural gas prices are currently at historic lows.

The project (4,560 MW), when fully operational at the end of 2022, will not only create the largest power plant in American but the largest generator of carbon-free power in the country as well.

NYMEX May WTI settled at minus $37.63/b, down $55.90 from Friday.

The Dow Jones Industrial Average .DJI dropped 2.44% to end at 23,650.44 points, while the S&P 500 .SPX lost 1.79% to 2,823.16.

The Nikkei share average fell 1.97% to 19,280.78, slipping further from Friday’s near six-week high of 19,922.

Brent crude for was down 48 cents, or 1.9%, at $25.09 per barrel, WTI was up $38.99 in thin trade at $1.36 a barrel

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Monday's unprecedented meltdown in oil prices, with front-month NYMEX WTI futures diving deep into negative territory as Tuesday's expiry of the May contract neared, was the exclamation point on what many OPEC+ delegates have described as an alarming and depressing ride.

Podcast/Audio - Significant power price drops as a result of oversupply, congestion and decreasing demand, with renewable curtailments increasing.

MSCI's broadest index of Asia-Pacific shares outside Japan fell as much as 1% before erasing losses to last stand at 0.4% higher while Japan's Nikkei slumped 0.7%.

The Dow Jones Industrial Average fell 631.56 points, or 2.67%, to 23,018.88, the S&P 500 lost 86.6 points, or 3.07%, to 2,736.56 and the Nasdaq Composite dropped 297.50 points, or 3.48%, to 8,263.23.

ОПЕК+ Россия внимательно следят за ситуацией и имеют, в случае необходимости, все возможности для реагирования.

Brent crude touched $15.98 a barrel, WTI was down 51 cents, or 4.4%, at $11.06 a barrel.

Baker Hughes Company Announces First Quarter 2020 Results

Australia's Santos 2020 First Quarter Activities Report

The Argentinian government plans to set a minimum oil reference price for local producers at US$45/bbl,

Britain’s economy is crumbling

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.

The U.S. oil industry was already struggling to satisfy investors unhappy with weak returns, even as the United States surged to become the world’s largest oil producer in the last few years.