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

TNK Trading International SA is scheduled to load 14.3 million barrels of Venezuelan crude in the first two months of 2020, compared with 5 million in all of 2019, according to shipping reports compiled by Bloomberg. That may offset any lost oil revenue for the Maduro administration, underscoring the difficulty of shutting Venezuela’s access to the global market.

Renewable electricity achieved a power-sector milestone in 2018, surpassing 20% (249 gigawatts [GW]) of U.S. total electricity generating capacity (1.2 terawatts [TW]) for the first time, according to the 2018 Renewable Energy Data BookPDF. Since 2009, renewable generation in the United States has increased by a factor of five.

The global impact of coronavirus will only be “short term”, according to the CEO of Saudi Aramco.

"The fundamentals of our relationship are mostly based on defence, counter-terrorism and energy. These are strong pillars that need to be nurtured and maintained," Detroit-born Rakolta said.

Unlike the Arctic, which is open to hydrocarbon exploration, the Antarctic's mineral resources, including oil and gas, are protected by amendments to the 1959 Antarctic Treaty, to which Russia is a signatory.

U.S. Rig Count is up 1 rig from last week to 791, Canada Rig Count is down 11 rigs from last week to 244

Despite the partial recovery, oil prices are still far below the level many OPEC members need for their budgets to balance.

Russia's Sibanthracite group aims to boost the annual export capacity of Russian coals to 100 million mt with newly launched infrastructure project to build the second tunnel on Baikal Amur Mainline railway.

The delegation of a dozen people representing the US industry and government was in India on 10-14 February to explore opportunities.