In the April 2020 update of its Short-Term Energy Outlook (STEO), released on April 7, and before a recently announced agreement by oil producing countries to limit production, the U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production will average 11.8 million barrels per day (b/d) in 2020, a 4% decline from the 2019 production levels. Crude oil production will average 11.0 million b/d in 2021, a 6% decline from 2020 (Figure 1). If realized, the STEO 2020 production decline would mark the first annual decrease since 2016. The majority of the forecasted production decline occurs between the first and fourth quarters of 2020, dropping from 12.7 million b/d to 11 million b/d (13%) and remaining around that level through 2021. The forecast did not incorporate the April 12 joint announcement by the Organization of the Petroleum Exporting Countries (OPEC) and several other non-OPEC countries to reduce crude oil production. These production reductions may significantly affect global balances and could provide upward price pressure that would affect U.S. crude oil drilling and production. ...

On Monday, April 20, 2020, New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) crude oil front-month futures prices fell below zero dollars per barrel (b)—at one point, trading at -$40.32/b (Figure 1)—and remained below zero for part of the following trading day. Monday marked the first time the price for the WTI futures contract fell below zero since trading began in 1983. Negative prices in commodity markets are very rare, but when they occur they typically indicate high transactions costs and significant infrastructure constraints. In this case, the WTI front-month futures contract was for May 2020 delivery, and the contract was set to expire on April 21, 2020. Unless they have made other arrangements ahead of time, market participants that hold WTI futures contracts to expiration must take physical delivery of WTI crude oil in Cushing, Oklahoma. Typically, most market participants close any futures contracts ahead of expiration through cash settlement in order to avoid taking physical delivery, and only about 1% of contracts are physically settled. The extreme market events of April 20 and April 21 were driven by several factors, including the inability of contract holders to find other market participants to sell the futures contracts. In addition, in this case, the scarcity of available crude oil storage meant several market participants sold their futures contracts at negative prices, in effect paying a counterparty to close out of the contracts. ...

Transportation fuel demand in the United States has decreased since mid-March 2020, as a result of reduced economic activity and stay-at-home orders aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19). With low demand and a decrease in profitability, as measured by crack spreads, U.S. refineries have reduced gross inputs (runs), which dropped to 12.8 million barrels per day (b/d) for the week ending April 17, 3.8 million b/d lower than the previous five-year (2015–19) average and the lowest level since 2008 (Figure 1). Gross inputs increased slightly to 13.2 million b/d the week of April 24. ...

On April 27, 2020, the U.S. average regular retail gasoline price was $1.77 per gallon (gal), the lowest price since February 2016. On May 4, the U.S. average gasoline price increased slightly to $1.79/gal. The United States declared a national emergency on March 13 in response to concerns regarding spread of the 2019 novel coronavirus disease (COVID-19). From March 16 to May 4, the U.S. average regular retail gasoline price fell by $0.46/gal. The lower gasoline prices reflect low crude oil prices, low gasoline demand, and rising gasoline inventories. ...

1. The last supermoon of 2020  Tehran Times
2. See the Full Flower Moon, last supermoon of 2020, bloom in these stunning photos  Space.com
3. Here Are 23 Stunning Pics Of The Last Supermoon Of 2020 From Across The World  ScoopWhoop
4. Stunning shots of last supermoon of 2020  The Siasat Daily
5. 'Full-flower supermoon' rises on world starting to emerge from pandemic lockdowns  Times of India
6. View Full coverage on Google News

Summary Excerpt:

U.S. Heating Oil and Propane Prices
(Dollars per Gallon) 3/30/2020

Heating Oil Residential
2.421 .. U.S.
2.440 .. East Coast
2.010 .. Midwest
Heating Oil Wholesale
1.172 .. U.S.
1.172 .. East Coast
1.192 .. Midwest
Propane Residential
1.869 .. U.S.
2.544 .. East Coast
1.460 .. Midwest
2.119 .. Gulf Coast
1.616 .. Rocky Mountain
Propane Wholesale
0.433 .. U.S.
0.530 .. East Coast
0.389 .. Midwest
0.389 .. Gulf Coast
0.399 .. Rocky Mountain

U.S. Distillate and Propane/Propylene Stocks
(Millions of Barrels) 3/27/2020

122.2 ... Distillate Stocks
64.668 .. Propane/Propylene Stocks

U.S. Distillate and Propane/Propylene Production and Demand
(Millions of Barrels per Day) 3/27/2020

Distillate
4.966 ..Production
3.907 ..Demand
Propane/Propylene
2.100 ..Production
1.352 ..Demand

Biotech company Moderna said it plans to start phase 2 trials with 600 participants shortly.

Discover 20 different ways to make extra money, save cash, pay down debt, or start their own side hustle, all of which are done online.

Maura Higgins and her boyfriend Curtis Pritchard were among the first to hit the red carpet for the National Television Awards at London's 02 Arena on Tuesday.

Laura Whitmore arrived at her first National Television Awards as presenter of the ITV2 dating show in a stunning black dress on Tuesday evening.

The much-talked about feud between Ruth Langsford and Eamonn Holmes and This Morning co-star Phillip Schofield came to a head on Tuesday night as they all attended the NTAs.

The Olympic champion, 70, ensured all eyes were on her in a plunging silver gown which highlighted her athletic physique on the red carpet.

Jessica Wright made sure she pulled out all the stops at the National Television Awards in London's O2 Arena on Tuesday, flaunting her toned pins in a jaw-dropping dress with a soaring thigh-high slit.

The former TOWIE star, 29, proudly cradled her stomach as she posed for the cameras at the star-studded event, which was being held at the O2 arena in London.

Arriving at London's O2 Arena, former Love Island star Gabby Allen, 26, led the way for the most questionable fashion choices at the NTA Awards tonight.

She scooped the top prize on The Apprentice 2019, landing the job as Lord Sugar's newest business partner.

ITV's Loose Women put on a united front in an all red ensemble as they walked the NTA's red carpet in hopes of winning the Best Daytime Show award over rivals This Morning.

Joey Essex, 29, has now taken his relationship with Mexican model Lorena Medina, 27, to the next level as the pair looked loved up during the arrivals for the National Television Awards.

In keeping up with tradition, Georgia Toffolo, 25, surprised onlookers for the second year in a row by taking the tube to the glitzy event on Tuesday night.

The reality star, 22, ensured all eyes were on her in a stunning khaki green semi-sheer gown which highlighted her stunning hourglass frame underneath.

Billie and Sam Faiers pulled out all the stops for The National Television Awards on Tuesday.

Ferne McCann brought the glamour to the 2020 National Television Awards on Tuesday night as she stepped onto the red carpet wearing a stunning pink strapless gown.

Ant McPartlin and Declan Donnelly made history at the National Television Awards on Tuesday as they won the Best Presenter Award for the nineteenth year in a row.

Montana Brown certainly didn't disappoint when she attended the National Television Awards 2020 at London's O2 Arena on Tuesday night, donning a daring dress for the occasion.

Vicky Pattison brought her handsome boyfriend along to the National Television Awards 2020 in London on Thursday night, looking loved-up as they cosied up on the red carpet.

Michael Palin dedicated his Special Recognition Award to his late friend Terry Jones during Tuesday night's National Television Awards.

Presenting the award for New Drama, which saw Chernobyl take out the win, the Friends star delighted fans with his presence, but left many surprised to see him there at all.

Molly-Mae Hague and Tommy Fury, both 20, turned up the glamour as they walked the red carpet hand in hand at London's 02 Arena.

Strictly Come Dancing stars Oti and Motsi Mabuse dazzled on stage at the National Television Awards on Tuesday night.

Jesy Nelson's boyfriend Chris Hughes is at the centre of a police investigation after he became embroiled in a violent altercation after Tuesday night's NTAs

It appears Alison King may have indulged in one glass too many at this year's event, as she was seemingly escorted out of the ceremony at 9pm Tuesday evening.

Megan McKenna, 27, took centre stage as she commanded the red carpet at the National Television Awards , arriving at London 's O2 Arena on Tuesday night in an edgy slip dress.

Olivia Buckland and husband Alex Bowen are still as loved up as ever, cosying up together at the National Television Awards 2020 in London on Tuesday night.

The singer, 29, looked incredible in a pale lemon form-fitting gown as she posed up a storm in front of the paparazzi before heading into the ceremony.

Ant McPartlin and Declan Donnelly made history as they won the Best Presenter Award for the nineteenth year in a row before winning their second award for the evening.

Holly Willoughby, 38, was among the first to make a quick exit from London's 02 Arena where the awards were held on Tuesday night.

It was a night to remember for the stars of the small screen and the celeb attendees of Tuesday night's National Television Awards celebrated in style. 

The cast of the ITV soap took to the stage to accept the honour, just days after leaving viewers gripped with a week of episodes leading to the murder of Graham Foster.

The NTAs saw the biggest shows of the past year recognised, with viewers at home voting for who would take the gong. With the power solely in the hands of the public, several big names were snubbed.

Maya Jama looked to have had a very good night as she made a bleary-eyed exit from the awards after-party at London's Hotel Intercontinental.

The presenter, 40, who shares daughter Patricia, 16 months, with her footballer husband Frank, 41, was enjoying a night off mummy duty to rub shoulders

The Love Island star, 28, was supported by co-star Eyal Booker as he left the awards, after revealing on Saturday that he had welcomed a baby girl named Blossom.

The former Saturdays singer, 31, cut a glamorous figure as she attended the National Television Awards at London's O2 Arena on Tuesday.

Phillip Schofield, Ruth Langsford and Suranne Jones led the celebrities sharing behind-the-scenes snaps of the National Television Awards to social media.

The broadcaster, 54, and his co-host, 49, poked fun at the feud between the two This Morning presenters during Wednesday's edition of the show, as they branded their interaction 'awkward.'