U.S. real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee decided to maintain the target range for the federal funds rate at 1‑1/2 to 1-3/4 percent.

The U.S. government will spend $1 trillion more than it collects in 2020 and deficits will reach or exceed that threshold every year for the foreseeable future. As a share of gross domestic product, the deficit will be at least 4.3% every year through 2030.

U.S. renewable energy consumption totaled 924 trillion British thermal units (Btu), which accounted for 12% of U.S. total primary energy consumption.

The US State Department on Thursday set sanctions against companies in Dubai, Hong Kong, and Shanghai,

U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production.

Renewables only accounted for 18.2% of total energy generated by November 2019, while coal alone produced 23.4% of the country’s electricity.

U.S. Rig Count is down 2 rigs from last week to 794, Canada Rig Count is unchanged from last week at 244

U.S. petroleum exports hit a new all-time high of 9.0 million barrels per day (mb/d) in the final month of 2019

U.S. crude oil production will average 13.3 million barrels per day (b/d) in 2020, a 9% increase from 2019 production levels, and 13.7 million b/d in 2021, a 3% increase from 2020.