Oilfield services companies have lost approximately 49% of their market capitalization since the beginning of this year.

"When it comes to oil, there are signs that the market has tightened in recent weeks. The OPEC+ agreement, voluntary cuts outside OPEC-++, and production shut-ins are working together to start to rebalance the market. This will take time. As economies begin to open up, demand will follow, but the path to the next normal is not a straight line," Dr. Sultan Al Jaber, CEO of ADNOC Group and UAE minister of state said.

A bipartisan group of US Senators has called for the Department of Commerce (DOC) to extend the Russian Suspension Agreement (RSA), as recommended by the Nuclear Fuel Working Group (NFWG).

The July cancellations, roughly double what was reported for June, represent nearly two-thirds the average volume of US LNG that was produced monthly when the coronavirus began to spread globally in January,

Global gas prices have plunged to record lows in the past weeks due to an oversupplied market and reduced demand due in part to the coronavirus pandemic.

Argentina's oil-producing provinces applauded the reference price as well as an elimination of the 8% export tax when Brent is less than $45/b.

India's oil demand is reaching 60% to 70% of normal

China's economy shrank 6.8% in the first quarter

Last week’s filings lifted the number of people who filed claims for unemployment benefits to about 38.6 million since March 21.

The pound is in the lower band of its recent trading range, as Britain remains one of the countries hit hardest by the pandemic.

Brent dropped $1.96, or 5.4%, to $34.10 a barrel, WTI declined by $2.41, or 7.1%, to $31.51.

U.S. Rig Count is down 21 rigs from last week to 318, Canada Rig Count is down 2 rigs from last week to 21

22 мая 2020 года введена в промышленную эксплуатацию не имеющая аналогов в мире плавучая атомная теплоэлектростанция

Oil markets are being significantly disrupted due to global market dynamics and the coronavirus pandemic, the oil price crash was "causing financial and credit challenges, including oil company bankruptcies."

Buy-now-pay-later firm Afterpay starred again as it jumped 9% to a record high and helped the benchmark S&P/ASX 200 end 2.2% higher at 5,615.6.

Germany's capital investments fell by 6.9%, private consumption by 3.2% and exports by 3.1%

Putin ordered ministers to work out “special rates” that pipeline operator Transneft PJSC and Russian Railways JSC will charge for transporting crude and petroleum products

The desperately needed shipments have caused a diplomatic standoff between the United States and Iran and Venezuela, which are under U.S. sanctions.

Brent was up 6 cents, or 0.2%, at $35.19 a barrel, WTI had gained 27 cents, or 0.82%, at $33.52 a barrel.

Qatar Petroleum maintains its plans to raise its domestic gas liquefaction capacity by 64%