The US on Tuesday imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, for supporting Venezuela's oil sector by continuing to trade with sanctions-hit PDVSA

The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of legal abuse.

The $50-billion award was originally made in 2014 by The Hague Permanent Court of Arbitration after a claim was brought by three former shareholders in Yukos – Veteran Petroleum, Yukos Universal Ltd, and Hulley Enterprises Ltd.

At the urging of China’s energy regulator, coal producers accelerated output resumption. About two-thirds of national capacity restarted as of Thursday.

Nigeria's GDP growth forecast for 2020 was revised down to 2 percent to reflect the impact of lower international oil prices. Inflation is expected to pick up, while deteriorating terms of trade and capital outflows will weaken the country’s external position.

Amazon would meet the goals of the Paris climate accord 10 years ahead of the accord’s schedule and invest $100 million to restore forests and wetlands.

Brent was at $57.27 a barrel, WTI rose 3 cents to $52.08 a barrel,

This winter, U.S. natural gas prices have been at their lowest levels in decades.

Weaker-than-expected LNG demand, relatively mild winter weather, the coronavirus outbreak and Chinese tariffs have made the situation worse.

Power Industry 2020 Predictions and Trends: Hydrogen Fuel Cells to Become a Key Player in the Reliable Energy Backup and Storage Space