#Oil producers pin hopes for massive cuts on unprecedented stockpile purchases reut.rs/3cmG0RB

OPIS is moving to a larger volume for assessing CIF ARA #propane cargoes after collaboration with market participants. Rely on OPIS’ Europe #LPG & #Naphtha Report as a resource for pricing information that is reflective of how the market really trades: try.opisnet.com/3cek7E5

Family session of Andrew Marr between Peppa Pig marathons, time well spent this morning

Not surprised of WTI drop, more surprised others surprised. OPEC+ deal doesn't start until 1st May, global oil inventories building at 100-150 million bbl/week. Those holding May WTI contracts (expires today) worried no Cushing space to take delivery IHS Markit Energy #OOTT

How did you end up with negative oil prices today? This happens when a physical futures contract find no buyers close to or at expiry. Let me explain what that means:

At IHS Markit Energy we estimate at least 20 refineries have temporarily shut because of low demand, with most of the rest running at reduced rates. A natural response if global oil demand is 30 million bbl/day below "normal". For more see our blog: ihsmarkit.com/research-analy… #OOTT

SHUT-IN MONITOR: Consultant IHS Markit forecasts 17m b/d total liquids output (including nearly 14m b/d of crude oil production) to be cut globally during April-June 2020. It's the "largest shut-in in the history of the oil industry." | #OOTT

BIG OIL: Exxon Mobil kicked out of the stock market blue chip Dow Jones Industrial Average index. Exxon had been part of the Dow Jones index since 1928, when it was known as Standard Oil of New Jersey | #OOTT $XOM bloomberg.com/news/articles/…

17 Large Trading Firms Join Effort to Cut #C02 #Emissions From #Shipping Read the full story: try.opisnet.com/2GFNC7D #OOTT Oil Price Info Svc

#Hydrogen is likely to be the main growth energy in the low-carbon space over the next decade. "It could become quite revolutionary", says Pouyanne #EIForum #TheBigEnergyReset

Hydrogen has a two-fold challenge unlike renewables which had a market. Hydrogen needs to develop the green technology and also create a market. Governments have a clear part to play here, says Pouyanne #EIForum #TheBigEnergyReset #hydrogen

This is how Total has changed its Energy Mix Portfolio Projects. Note the change in the 3Months between May-Sept #EIForum

Uncertainty and Volatility Cloud Europe's #JetFuel Paper Market as Winter Nears Read more: try.opisnet.com/2SSErTO #fuelprices

FORUM: China's #NetZero Emissions 2060 Pledge Reinforces Growing Role of Gas try.opisnet.com/3jUsR6F

"The maintenance of stability is the #1 priority of the OPEC+ pact. We have no illusions this recovery will take a long time," says #HEBarkindo at the Energy Intelligence Forum.

Voluntary #carbon markets are facing a water-shed moment as scrutiny of them increases. Market experts weigh in on how to manage the growing demand and critique at next week’s LCFS & Carbon Markets Workshop. Learn more and register: try.opisnet.com/36jQsbx

We IHS Markit Energy expect 2 million bbl/day (15%) European refining to close in 2020-25, similar closure level to 2009-14. But seems to be happening faster than expected #energytransition #OOTT

#carbon #energy