As a result of the global economic slowdown related to COVID-19, the U.S. Energy Information Administration estimates that global petroleum and liquids consumption will average 95.5 million barrels per day in 2020, down 5.2 million barrels per day from 2019. EIA forecasts that U.S. oil consumption will decline 6.5% in 2020 to average 19.1 million barrels per day, which would be the largest percentage decline in U.S. consumption since 1980. At the same time, in its April 2020 Short-Term Energy Outlook, EIA expects global oil supply to increase in the coming months from first-quarter 2020 levels. Total world liquids supply will average 98.7 million barrels per day through the third quarter of 2020. These supply and demand developments are contributing to a significant increase in liquid fuels inventories. EIA estimates that second-quarter 2020 global petroleum inventories will increase an average 11.4 million barrels per day. Within the Organization for Economic Cooperation and Development, the most stocks recorded in historical data were in July 2016 at 3.1 billion barrels. EIA forecasts inventories will surpass this level as production continues to outpace consumption. EIA expects these large stock builds will put downward pressure on crude oil prices for several months. Brent crude oil prices averaged 32 dollars per barrel in March, the lowest monthly average since January 2016. EIA forecasts Brent crude oil to average 23 dollars per barrel during the second quarter of 2020 before increasing to an average 46 dollars per barrels in 2021.

In the April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through 2021. More net imports of crude oil and less net exports of petroleum products drove this change. EIA expects net crude oil imports to increase because as U.S. crude oil production declines, fewer barrels will be available for export. Net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs will decline significantly because of lower demand for refined products. In September 2019, the United States exported more crude oil and petroleum products than it imported for the first month since records began in 1973. EIA previously expected the United States to continue as a net exporter in most months through 2021. However, as a result of recent significant changes in global oil market dynamics, EIA now expects U.S. imports and exports will be even in 2020. It is important to note that the April outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease on energy markets are evolving.

Australia dropped six places to 15th position - the largest drop out of the 27 OECD countries measured.

Cyber risk, political interference, and macro-economic volatility rank among the top sources of anxiety for Australian insurers, according to a joint PwC and Centre for Financial Innovation (CSFI) report released today.

PwC has been appointed as a Skills Service Organisation by the Federal Department of Education and Training to work with Industry Reference Committees to develop modern and relevant training packages.

Australias four major banks delivered combined cash earnings of $14.9 billion for the first half to March 2016.

Facebook is expanding its Community Help hub to better serve local communities amid the COVID-19 pandemic. The hub has already seen significant usage by those requesting food, supplies and information about local resources, as well as use by volunteers and groups willing to lend a hand. Now, Facebook is adding more features to the hub […]

Staying hygienic cuts down the use of antibiotics: study  Telangana TodayView Full coverage on Google News

1. Astronomers in Hawaii capture high resolution images ..ky imaging’ technique, probe into planet's cloud tops  Firstpost
2. Giant Planet More Astounding Than Before  NEWS9 live
3. Scientists obtain 'lucky' image of Jupiter  BBC News
4. New images of Jupiter captured by astronomers using `lucky technique`  WION
5. Scientists probe Jupiter's violent storms, lightning strikes  EdexLive
6. View Full coverage on Google News

It’s like 2nd innings of Test match: Kumble on fight against COVID-19  Hindustan TimesView Full coverage on Google News

1. England Cricket Board Teasing Kohli's Unique Dismissal by Rashid Has Riled up Desi Fans  News18
2. The best you’ve ever faced Virat Kohli?: ECB posts video of India captain’s dismissal to Adil Rashid  Hindustan Times
3. Virat Kohli picks his favourite match other than 2011 World Cup final  India Today
4. "The Best Ball You've Ever Faced?": ECB Asks Virat Kohli, Posts Throwback Video  NDTV Sports
5. The home giants: Time we stop scoffing at Indian cricket’s greatest strength  Scroll.in
6. View Full coverage on Google News

1. Dhoni turns up in video with daughter, his appearance inspires memes on social media  The Indian Express
2. ‘Please do not use it’: Matthew Hayden reveals MS Dhoni’s reaction on his ‘mongoose bat’  India Gone Viral
3. Watch: MS Dhoni's New Look Sends Twitter Into A Frenzy  NDTV Tamil
4. WATCH: A grey-bearded MS Dhoni enjoys playtime with Ziva Dhoni inside his Ranchi farmhouse  DNA India
5. MS Dhoni makes fun of Suresh Raina in this priceless video posted by CSK; watch - Republic World  Republic World
6. View Full coverage on Google News

1. Sara Ali Khan says brother Ibrahim is ‘definitely interested’ in joining Bollywood: ‘It’s a dream right...  Hindustan Times
2. A Glimpse Of Kareena Kapoor's "Saturday Mood" With Saif Ali Khan  The Newsopedia
3. Sara Ali Khan on Ibrahim Ali Khan’s acting aspirations: It’s a dream right now, making it a reality is on him  PINKVILLA
4. Sara Ali Khan Says Brother Ibrahim Wants to Join Bollywood But Has to Complete Education First  News18
5. Kareena Kapoor Khan shares her ‘Saturday Mood’ with a classy throwback pic of her & Saif Ali Khan from Morocco  PINKVILLA
6. View Full coverage on Google News

1. Saudi, US companies also eyeing stakes in Reliances Jio Platforms  Business Standard
2. Mukesh Ambani is a man on a mission and even a pandemic or lockdown can’t stop him  ThePrint
3. General Atlantic Is Said to Be In Talks for Reliance Jio Stake  BloombergQuint
4. Saudi, US firms eye stakes in Reliance Jio  Hindustan Times
5. Mukesh Ambani in no mood to rest; trying to get more investors for Jio, talks on with rich Saudi wealth fund  The Financial Express
6. View Full coverage on Google News

1. Domestic Flight Operations to Resume in India From This Date, Civil Aviation Ministry Reveals  India.com
2. Resuming Flight Operations Within A Week Will Be Fraught With Challenges. Here Is Why  Outlook India
3. Coronavirus lockdown | Domestic flight operations likely to resume by May 15: Hardeep Singh Puri  Moneycontrol
4. Keeping Middle-Seat Empty Not an Option for Any Airline, Margins Too Thin: Aviation Minister  News18
5. Preparing To Start Domestic Flight Operations Within A Week: Civil Aviation Minister Hardeep Puri  Outlook India
6. View Full coverage on Google News

1. 'Walked all night on tracks, left behind as I couldn't keep up' says Aurangabad tragedy survivor; 16...  Firstpost
2. Sorry, we have run out of all words today  Mumbai Mirror
3. NHRC issues notice to Maharashtra govt over deaths of migrant workers in Aurangabad train mishap, seeks det...  Zee News
4. 16 walking home to MP fall asleep on rail tracks, run over in Maharashtra  The Indian Express
5. Tragedy on tracks  The Indian Express
6. View Full coverage on Google News

1. India will not face serious coronavirus COVID-19 situation like some developed countries: Health Minister H...  Zee News
2. Health ministry says learn to live with coronavirus as India's COVID-19 count crosses 56,000  Livemint
3. ‘We’re prepared for the worst’: Health minister on Covid-19 crisis  Top Live News
4. 80 per cent of Telangana will be rid of coronavirus soon: Eatala  The New Indian Express
5. Do not anticipate worst case situation like developed countries in India: Harsh Vardhan  Times of India
6. View Full coverage on Google News

Shares of One Medical are worth $19.50 this morning after the venture-backed unicorn priced its IPO at $14 per share last night. The company opened at $18 before rising further, according to Yahoo Finance data. At its current price, One Medical is worth about 40% more than its IPO price, a strong debut for the […]

AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. In addition, a number of tech entrepreneurs from Estonia participated, such as […]

Today we're taking stock of what's happening to a number of unicorns, both public and private.

Four easy ways to amplify your impact.

Find some new ways to relax with help from these deals.

A team of researchers from Apple and Carnegie Mellon University’s Human-Computer Interaction Institute have presented a system for embedded AIs to learn by listening to noises in their environment without the need for up-front training data or without placing a huge burden on the user to supervise the learning process. The overarching goal is for […]

Franchise Bible author Rick Grossmann discusses how marketing is changing and new ways and platforms for sending your marketing messages to your customers.

Four easy ways to amplify your impact.

Once you have a few franchises in mind, you'll be talking to a franchise rep from each company. Here's the skinny on how that phone call should go.

Xponential Fitness Founder and CEO Anthony Geisler shares the leadership secrets that have helped him build a boutique fitness empire.

Papa John's founder and former CEO John Schnatter slammed the pizza chain he founded in an interview with local news.

The time to start a cleaning company is now.

For franchises, a blend of concepts, geography and margins are key to surviving economic downturns.

Which of the Entrepreneur Franchise 500 entries is the cheapest, and which is most expensive?

After overcoming challenges at a young age, the makeup mogul is living the sweet life with her cruelty-free cosmetics brand.

Even amid a global economic downturn, there are still opportunities to woo new buyers.

Nurturing your company culture, strengthening community ties, delivering what your customers need and putting your best foot forward on your website are sound strategies for weathering the storm.

A Nepalese drawing reminds her to think about the impact her business has on the world.

It's a time of major growth and change. Get ready for it.

Four easy ways to amplify your impact.

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe

In an exclusive first look at the film Thomas struggles to hide his fury as he asked to step aside, and snaps that he 'won't be a sort of anything.'

The Love Island star, 28, donned a traditional black and lace maid's outfit as she enjoyed a chat with Alison about the films previously shot at the location.

Hosts Holly, 38, and Phillip, 57, presented This Morning from Downton Abbey's Highclere Castle on Thursday, where the TV series and film are shot.

The actresses and several other members of the Downton Abbey cast all attended a BAFTA screening of the film in New York City on Monday.

On Tuesday Michelle Dockery was far from the walls of the Abbey, as she promoted the new film on the Tonight Show Starring Jimmy Fallon. She looked super chic in an all black pantsuit.

Downton Abbey creator's new HBO series revealed Christine Baranski and Cynthia Nixon will star in the period drama The Gilded Age with Morgan Spector and Amanda Peet.

Based in a 19th century country house dubbed as Norfolk's Downton Abbey, the new business will run various courses for those wanting to serve the rich and famous. (Bylaugh Hall, pictured)

Laura Carmichael partied with Lily James and Billie Piper at the Mr Porter Health In Mind Fund bash, held at Quaglino's in London on Thursday night. 

Hugh Bonneville received an honorary doctorate from Winchester University for services to dramatic arts on Wednesday.

Author Jessica Fellowes from Oxfordshire was fired by a magazine for being 'too posh', and said that you wouldn't get the same 'reverse snobbery' towards someone from a council house.

Lesley Nicol, who played Downton cook Mrs Patmore in the long-running period drama, told DailyMailTV talks for a second film are underway following the success of the first movie last month.

The actress, 39, who played Anna Bates in the series and the film adaptation, was joined by her fellow Downton stars Kevin Doyle and Michael C Fox.