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. ...

Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]

By the summer of 2016, Marie Outtier had spent eight years as a consultant advising media agencies and martech companies on marketing growth strategy. Pierre-Jean “PJ” Camillieri started as a music software engineer before joining one of Apple’s consumer electronics divisions. Inspired by Siri, he left to start Timista, a smart lifestyle assistant. When the […]

You can now debunk thousands of coronavirus-related hoaxes with a few texts on WhatsApp . Poynter Institute, a non-profit organization that supports journalism, today launched a bot on the Facebook -owned service that will allow people across the globe to debunk over 4,000 hoaxes surrounding the pandemic such as whether the infectious disease originated in […]

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 […]

While Jackbox clearly owes a great deal of its current popularity to the shelter-in-place policies, they've also been honing their craft for years. It's worth looking at what makes them work.

Tumblr is making a change to how it deals with hate speech on its blogging platform. The company announced today it will also remove the reblogs (repostings) from any blogs that were suspended for violating its policies around hate speech. Already, the company says it’s identified nearly 1,000 blogs that were banned for blatant violations […]

Glance, which serves media content, news and casual games on the lock screen of Android -powered smartphones, has amassed 100 million daily active users, it said today. The subsidiary of ad-firm InMobi Group reached the milestone in 21 months in what appears to be the shortest duration for any popular internet service to gain their […]

In its latest effort to deal with rampant harassment on its platform, Twitter will look into giving users a second chance before they tweet. In a new feature the company is testing, users who use “harmful” language will see a prompt suggesting that they self-edit before posting a reply. When things get heated, you may […]

The Indian government has said that its contact-tracing app Aarogya Setu “by design” fetches the location data of its 90 million users and allows them to view the concentration of people who have tested positive for the coronavirus in their vicinity. New Delhi issued the statement after France-based security researcher Baptiste Robert found what he […]

Peanut, an app that began as a tool for finding new mom friends, has evolved into a social network now used by 1.6 million women to discuss a range of topics, from pregnancy and parenthood to marriage and menopause, and everything in between. On the heels of significant growth in online networking fueled by the […]

Twitter announced today it’s introducing a new layout for replies that will use lines and indentations to make it easier to understand who you’re replying to and how the conversation is flowing. The company will also test putting engagement actions — including likes, Retweet and reply icons — behind an extra tap to make replies […]

Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. The service, available through mobile web and Android app, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and […]

IRL, the recently pivoted calendar app that aggregates live virtual events, has today launched a web version of the platform. The company, which has $11 million in funding from Goodwater Capital, Founders Fund and Floodgate, started as a social planning app that helped folks find each other in the real world, based on interest and […]

Pinterest is introducing new features that make it easier for those planning recipes, virtual events and other quarantine activities. These include the ability to add a date or notes to a board as well as automated ways to better organize your pins on a given board, with the aid of machine learning technology. The company […]

Tinder will add a video dating feature in the second quarter of this year, parent company Match announced on Tuesday as part of its Q1 2020 earnings report. The company also detailed the coronavirus impact, which slowed Tinder user growth in the quarter, as social distancing requirements and government lockdowns went into effect. Match didn’t […]

In spite of their protected status under international laws, pangolins remain one of the most trafficked animals in the world — and at least some of that trade is taking place right out in the open on Facebook . A new report from tech watchdog group the Tech Transparency Project details how Facebook users are […]

Some of you may recall the South Korean app Zepeto that went viral among Gen Z users a year and a half ago. The app, which renders selfies into animated avatars and lets people adorn their computer-generated manifestations with virtual items, appears to have sustained its relevance. It has amassed 150 million registered users, the […]

A video about the coronavirus featuring a well-known vaccine conspiracist is spreading like wildfire on social media this week, even as platforms talk tough about misinformation in the midst of the pandemic. In the professionally-produced video, a solemn interviewer named Mikki Willis interviews Judy Mikovits, a figure best known for her anti-vaccine activism in recent […]

After months of testing, Facebook’s redesign is finally official. Announced last year at F8, the more minimalist approach to its desktop design has been rolled out in waves. In March, the company added an option to try out the new version. Users could switch back and leave feedback for why they had done so. This […]

Saar Gur is adept at identifying the next big consumer trends earlier than most: The San Francisco-based general partner at CRV has led investments into leading consumer internet companies like Niantic, DoorDash, Bird, Dropbox, Patreon, Kapwing and ClassPass. His own experience stuck at home during the COVID-19 pandemic spurred his interest in three new investment […]

1. New antiviral drug combo shows promise against Covid-19: Study  Times of India
2. Cocktail of three antiviral drugs helps coronavirus patients recover faster, says study  ThePrint
3. Coronavirus treatment: Triple antiviral drug combo shows promise against COVID-19  Times Now
4. Coronavirus | Phase-2 trial with three drugs offers hope  The Hindu
5. Coronavirus: 3-drug regimen proved effective for COVID-19  Deccan Herald
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Staying hygienic cuts down the use of antibiotics: study  Telangana TodayView Full coverage on Google News

1. Promising coronavirus vaccine candidate from China in talks to be tested globally  Times Now
2. China conducts first successful coronavirus vaccine test on monkeys  Times of India
3. Inactivated PiCoVacc vaccine found safe, efficacious in animal study  The Hindu
4. Chinese drugmaker in talks to test coronavirus vaccine globally: Report  Hindustan Times
5. Covid-19: The race to develop coronavirus vaccines is heating up  Times of India
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1. Blood thinners may boost survival rates of Covid-19 infected patients: Report  Top Live News
2. Coronavirus blood-clot mystery intensifies  Nature.com
3. Blood thinners could improve survival chances for sickest coronavirus patients, study says  USA TODAY
4. Evidence Builds Linking Anticoagulation to COVID-19 Survival  Medscape
5. Doctors may have found a way to reduce the risk of death in severe coronavirus cases  BGR
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1. Hurry up: Last chance to see a supermoon this year  Euronews
2. In pictures: Last supermoon of 2020 rises on a world grappling to overcome pandemic  DAWN.com
3. May's flower moon lights up the sky around the globe  ABC News
4. Don't miss the last full supermoon of 2020, a 'flower moon,' on May 7  CNET
5. Last supermoon of the year, Photos News & Top Stories  The Straits Times
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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
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1. Scientists discover a gene in honey bees that solve the mystery over virgin birth  Zee News
2. These ‘mostly useless’ male honeybees lay eggs, produce females  BGR
3. Study: Single Gene Causes 'Virgin Births' in Cape Honeybees | Biology  Sci-News.com
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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
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1. Virender Sehwag would've easily crossed 10,000 Test runs had he played for another country: Rashid Latif  India Today
2. Sehwag would’ve had 10k runs if he played for another team; was under Sachin, Dravid’s shadow: Ex-Pak...  Hindustan Times
3. Ex-Pak skipper believes Sehwag couldve achieved more had he played for another country - Republic World  Republic World
4. Sehwag would’ve crossed 10,000 Test runs if he played for another country, says Pakistan’s Latif  Scroll.in
5. Virender Sehwag remained under shadows of other players: Rashid Latif  Jimmys Post
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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
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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
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1. Peshawar Remembers its ‘Grandson’ Rishi Kapoor  The Wire
2. When Aishwarya Rai-Abhishek Bachchan, Ranbir Kapoor-Alia Bhatt joined Rishi Kapoor in New York, spot...  Hindustan Times
3. Rishi Kapoor To Ranbir Kapoor To Aishwarya Rai Bachchan: Count The Stars In The Throwback Pic Shared By Riddhima Kapoor Sahni  NDTV
4. Rishi Kapoor Diary  Outlook India
5. Hina Khan, Aditya Narayan and Bharti Singh to be part of musical tribute to Rishi Kapoor and Irrfan  India Today
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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
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1. Amitabh Bachchan Remembers Sridevi And Irrfan In One Frame; See Pic  News18
2. Deepika Padukone & Amitabh Bachchan remember Irrfan Khan  NEWS9 live
3. Deepika Padukone recalls late Irrfan Khan with a throwback video of their tennis game; Says ‘please come back’  PINKVILLA
4. Deepika Padukone Remembers Irrfan Khan With A Sweet Memory From The Sets Of Piku  NDTV
5. Amitabh Bachchan remembers Sridevi, Irrfan Khan  Zee News
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1. Salman Khan and Jacqueline Fernandez share the inspiration behind their upcoming track 'Tere Bina' in the  Times of India
2. Iulia On Marriage Rumours With Salman Khan: Spending Life With Someone More Important Than Papers  News18
3. Salman Khan shoots song titled 'Tere Bina' with Jacqueline Fernandez at his Panvel farmhouse; reveals det  Times of India
4. Salman Khan, Jacqueline Fernandez promote new song Tere Bina at his farmhouse: ‘This is our cheapest...  Hindustan Times
5. Tere Bina: Salman Khan And Jacqueline Fernandez Shoot A Music Video At The Actor's Farmhouse  NDTV
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1. Xiaomi Mi 10 vs OnePlus 8 Pro: A quick comparison of two flagship phones  India Today
2. “Too expensive!”: Does Xiaomi have an image problem in India?  TechPP
3. Xiaomi launches Mi 10 with 108MP camera: Price, offers and other details  Livemint
4. Can the Mi 10 Help Xiaomi Be Seen as a Premium Brand in India?  Gadgets 360
5. Xiaomi Mi 10 at Rs 49,999: Why it makes complete sense  India Today
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1. Xiaomi Redmi Note 9 Pro Max first sale in India to take place on May 12  Hindustan Times
2. Xiaomi spinoff Poco has an event next week to announce the long-rumored F2 Pro  Android Police
3. Redmi Note 9 Pro Max first sale on May 12th: price in India, specifications  91mobiles
4. Redmi Note 9 Pro Max First Sale Set for May 12: Price in India, Specifications  Gadgets 360
5. Redmi Note 9 Pro Max first sale in India scheduled for May 12: Price, specifications and more  India TV News
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1. Redmi K30 5G Speed Edition with new Snapdragon 768G SoC to launch on May 11th  91mobiles
2. Snapdragon 768G is real, specs leak online - GSMArena.com news  GSMArena.com
3. Xiaomi may have teased new Snapdragon 768G chip  Android Authority
4. Qualcomm's newest Snapdragon 768G chip will make its debut alongside the Redmi K30 5G Speed Edition on May 11th  Notebookcheck.net
5. Redmi K30 5G Speed Edition With Snapdragon 768G Is Now Official  Gizchina.com
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1. Facebook redesign is finally rolling out for everyone | BGR India  BGR India
2. Dark mode on Facebook starts rolling out with brand new desktop site  Livemint
3. Facebook for desktop gets dark mode for all: Here's how to get it  India TV News
4. Facebook’s redesigned website now live: Here’s how to get  The Newsopedia
5. Facebook starts rolling out redesigned desktop site to all: Here’s what’s new  Hindustan Times
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1. Raghuram Rajan on monetisation debate: 'It's neither a game changer nor a catastrophe'  CNBCTV18
2. India Raises Borrowing Limit by Over 50% to Rs 12 Lakh Crore as Virus Grips Economy  The Wire
3. Need for non-collateralized reverse repo operations: SBI Report  Economic Times
4. View: Why a new 'Bad Bank' when there are 24!  Economic Times
5. Bank credit up 6.74% to Rs 102.69 lakh crore; deposits rise 9.82%  Moneycontrol.com
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1. Bank defaulters flee country, CBI files case following SBI complaint after 4 yrs  Hindustan Times
2. Another Bank Defaulter Flees Country, SBI Complains To CBI After 4 Years  NDTV
3. CBI books directors of Ram Dev International for loan default  The New Indian Express
4. SBI complains to CBI after ₹411 crore loan defaulters flee country  The Hindu
5. Rs 411 crore loan defaulters flee country, SBI complains to CBI after four years  Daijiworld.com
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