Preliminary production figures for November 2020 show an average daily production of 2 026 000 barrels of oil, NGL and condensate.

Reliance Industries Limited (RIL) and BP announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.

U.S. Rig Count is up 8 from last week to 346 , Canada Rig Count is down 9 from last week to 102

Total OECD indigenous production of natural gas decreased by 3.5% in September 2020 compared to September 2019

Several factors contributed to the increase in U.S. LNG exports in recent months.

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.

"Nord Stream 2 confirms the resumption of pipelay works planned for Dec. 11," a project spokesman told

Egypt is among a small group of spot-exposed LNG exporters that were forced to curtail production because of low prices in mid-2020.