the United States consumed 6.5 quadrillion British thermal units of energy in April 2020,

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

In 2021, oil demand is forecast to partially recover from the current year to show historic high growth of 7.0 mb/d.

Utilities, in general, are exceptional businesses with strong cash flow and sustainable dividends.

World oil demand is projected to decrease by 9.1 mb/d in 2020, unchanged from the previous month’s assessment. The COVID-19 pandemic has negatively affected global economic activities, eliminating global oil demand growth potential and leading to a y-o-y decline of 6.4 mb/d in 1Q20 and by 17.3 mb/d y-o-y in 2Q20.

monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.

S.Korea aims to sharply increase production of hydrogen-powered vehicles and electricity generation by hydrogen, in an effort to use hydrogen as a major energy source for transportation and power generation.

U.S. domestic consumption of natural gas in 2020 will fall 3.4 billion cubic feet per day (Bcf/d)

To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.

Reduced economic activity resulting from shelter-in-place restrictions due to COVID-19 drove significant near-term disruptions to energy markets in the month of April with U.S. petroleum demand falling nearly 27 percent to 14.2 million barrels per day (mb/d),

For 2019, world oil demand growth is kept broadly unchanged compared to last month’s assessment, estimated to have grown by 0.83 mb/d, y-o-y, to average 98.72 mb/d. In 2020, world oil demand growth is adjusted lower by 2.23 mb/d and is now forecast to drop by 9.07 mb/d.

Combined efforts can help inform risk mitigation activities and the development of new resources within the critical infrastructure community in the long run.

U.S. Utilities are accustomed to dealing with storm restoration and routinely handling crisis management, but COVID-19 is bringing new challenges for Utilities in a different way.

U.S. petroleum demand declined to 19.4 million barrels per day (mb/d) in March, which was a 4.6% decrease from February

In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent