By the December cut-off date, Spanish plants generated 109,269 GWh of renewable power, up by 11.6% year-on-year, owing mostly to favourable weather conditions and an increase in the total installed renewable energy capacity.

The pan-European STOXX 600 index climbed 0.2%,

China Oil & Gas Pipeline Network Corp. is part of an effort by President Xi Jinping’s government to consolidate the nation’s major pipelines and other midstream facilities into a single firm, intended to boost competition among drillers and downstream oil and gas sellers. The entity officially started operations in October.

The total appropriation for the Department of Energy (DOE) is USD42.04 billion, which is USD3.45 billion above the FY2020-enacted level and USD6.31 billion above the budget request.

U.S. Rig Count is up 2 from last week to 348, Canada Rig Count is down 20 from last week to 82

Brent were down 38 cents, or 0.8%, to $49.70 a barrel . WTI fell 40 cents, or 0.9%, to $46.62 a barrel.

"Экономические отношения между Россией и Ираном не только не утратили прежней динамики, но и приобрели ещё более активный и содержательный характер"

"Iran and Russia have always had close and growing cooperation in the field of oil and energy, and this cooperation will continue,"

Iranian Oil Minister Bijan Namdar Zanganeh said his country welcomes the Russian companies’ investment making in its oil sector

Shale producers were hit hard after borrowing to expand production and slashed spending and output to cut losses.