U.S. marketed gas production for 2021 will fall 2% and average 96.2 billion cubic feet per day (Bcf/d).

U.S. commercial crude oil inventories decreased by 3.2 million barrels to 482.2 million barrels.

The blue-chip NSE Nifty 50 index fell 0.5% to 14,529 and the benchmark S&P BSE Sensex was down 0.4% at 49,600.11 by 0411 GMT.

Assuming human behavior holds steady, a big transition to electricity will send demand skyrocketing. Making matters worse, this will all be happening as we transition away from easily scaled fossil fuel sources to more finicky renewables.

The modern grid, also known as the smart grid, is interconnected and automated, with many technologies involved, including artificial intelligence (AI), edge computing, and the Internet of Things (IoT).

Brent fell 36 cents to $55.70 a barrel. WTI dropped 26 cents to $52.65.

China total oil imports over 2020 were up 7% year on year at 10.86 million b/d

The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities

Electricity consumption in the Unified Energy System (UES) of Russia decreased by 2.4% in 2020.

По состоянию на 1 января 2021 г. объем ФНБ составил 13 545 663,0 млн. рублей, что эквивалентно 183 357,5 млн. долл. США.