Main supplier Saudi Arabia delivered 2.17 million b/d of crude to China in June

The main stated goal of the UNFCCC process in the power engineering is to reduce greenhouse gas emissions to the environment by phasing out the use of fossil fuel energy systems (FFS).

National Oilwell Varco, Inc. (NYSE: NOV) reported second quarter 2020 revenues of $1.50 billion,

Brent rose 32 cents, or 0.7%, to $43.66 a barrel , WTI was up to $41.62 a barrel or 33 cents.

U.S. utility-scale generation facilities consumed 38 quadrillion British thermal units (quads) of energy to provide 14 quads of electricity.

For the better part of three decades, from 1985 through 2014, net operating coal capacity in the United States exceeded 300 GW. By the end of 2020, it is expected to drop below 240 GW for the first time since 1978, and by 2030, based on plants scheduled for retirement, net capacity is expected to dip below 200 GW for the first time since 1975.

While occupancy rates of gas storages around Europe approach full capacities, gas infrastructure in Ukraine becomes attractive.

Norway's preliminary production figures for June 2020 show an average daily production of 1 857 000 barrels of oil, NGL and condensate.

Quarterly sales revenue of US$785 million was 11% lower than the prior quarter primarily due to lower liquids prices partially offset by higher domestic gas and LNG sales revenues

Schlumberger Limited (NYSE: SLB) reported results for the second quarter of 2020.

Baker Hughes Company Announces Second Quarter 2020 Results

U.S. Rig Count is down 2 rigs from last week to 251, Canada Rig Count is up 10 rigs from last week to 42

U.S. Rig Count is down 5 rigs from last week to 253, Canada Rig Count is up 6 rigs from last week to 32

Brent fell 26 cents to $43.11 a barrel, WTI dropped 23 cents to $40.52.

In the first half of 2020, Canada’s oil production declined 20% from its 2019 average of 5.5 million barrels per day (b/d)