Global organisations have joined the Rockefeller Foundation to form a coalition aimed at providing sustainable energy for one billion people within this decade.

Brent fell 2 cents to $50.27 a barrel . WTI was up 2 cents at $47.01.

World oil demand for 2020 is expected to decline by 9.77 mb/d,

Global electricity demand in 2020 is projected to fall by around 2%. With the recovery of the global economy in 2021, global electricity demand is expected to grow by around 3%.

Crude oil production from the major US onshore regions is forecast to decrease 137,000 b/d month-over-month in December from 7,575 to 7,438 thousand barrels/day, gas production to decrease 744 million cubic feet/day from 81,521 to 80,777 million cubic feet/day .

China November natural gas production was up by 3.7% from October, the third consecutive month-on-month rise. It was also 11.8% higher from a year-ago level, the data showed.

China plans to raise the share of non-fossil fuels in primary energy consumption from around 20% to 25% by 2020, and to raise its total installed capacity of wind and solar power to over 1,200 GW.

In 2019, China accounted for 24% of Australia’s thermal coal exports.

As opposed to strategies to simply reduce emissions by 20 or 30%, a net zero target requires finding ways to totally eliminate fossil emissions and meet all of our energy needs with very low carbon options.

Brent rose 67 cents, or 1.3%, to $50.64 a barrel . WTI were up 62 cents, or 1.3%, at $47.19 a barrel.