According to the U.S. Energy Information Administration’s (EIA) latest inventory of electricity generators, developers and power plant owners plan for 39.7 gigawatts (GW) of new electricity generating capacity to start commercial operation in 2021.

Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent

Combined, they accounted for almost 71% (14,734 MW) of the 20,803 MW of new utility-scale capacity reported to have been added thus far in 2020. Year-to-date, wind (8,042 MW) and solar (6,485 MW) have each contributed more new generating capacity than has natural gas (6,039 MW).

U.S. Rig Count is up 9 from last week to 360, Canada Rig Count is up 58 from last week to 117.

U.S. commercial crude oil inventories decreased by 8.0 million barrels to 485.5 million barrels.

the U.S. goods and services deficit was $68.1 billion in November, up $5.0 billion from $63.1 billion in October

Russia produced 42.46 million mt of crude and condensate in December, equivalent to around 10.04 million b/d,

Saudi Arabia will hold its February and March crude production to 8.125 million b/d -- well below its quota of 9.119 million b/d

Gas from Russia is transmitted by the TurkStream offshore gas pipeline and further across Turkey.

The US Senate on Jan. 1 voted to override President Donald Trump's veto of the US National Defense Authorization Act (NDAA) which includes new provisions related to Nord Stream 2 under the Protecting Europe's Energy Security Clarification Act (PEESCA).