Economic growth and the lessening of pandemic-related restrictions result in more energy consumption and associated CO2 emissions. EIA expects total energy-related CO2 emissions to increase to 4.8 billion metric tons in 2021 and 4.9 billion metric tons in 2022.

Some of the country's largest energy customers, including Amazon, Facebook, General Motors, McDonald's, PepsiCo, Target and Walmart have called on the federal government to implement "strong and specific national policies" to accelerate the transition to a zero-carbon dioxide emissions power sector

Mexico's Federal Electricity Commission (CFE) plans to invest the equivalent of 20 billion dollars in five years in the sector through the 2021-2025 Business Plan, which is circulating here.

U.S. commercial crude oil inventories increased by 4.4 million barrels to 486.6 million barrels.

Since 2005, the three power resources have accounted for more than 90% of all capacity additions (328 GW), with a remarkable 97% (170.9 GW) during the last seven years alone.

The recent Russian SolarWinds hack has been identified as one the most significant cyberattacks against the US.

U.S. Rig Count is up 5 from last week to 378, Canada Rig Count is up 11 from last week to 172.

The annual natural gas spot price at the Henry Hub will rise 98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021.

Paris Climate Agreement

Total OECD indigenous production of crude oil, NGL and refinery feedstocks decreased by 9.4% in October 2020 compared to October 2019.

Total OECD indigenous production of natural gas decreased by 3.4% in October 2020 compared to October 2019.

The U.S. nuclear energy industry pulled out some big wins in 2020,

TC Energy Corporation announced it is disappointed with the expected action to revoke the existing Presidential Permit for the Keystone XL pipeline.

China had suspended crude imports from the US over December 2019-April 2020 due to the trade tensions between Beijing and Washington.

Dr. Al Jaber said, "Our strategic alliance with the U.S. is also very strong.