Over January-November, Chinese refineries processed 614.41 million mt or 13.44 million b/d of crude, up 3.1% year on year on a metric tons basis,

China’s blue-chip CSI 300 index added 0.15% and Hong Kong’s Hang Seng index climbed 0.86%.

U.S. industrial production increased 0.4 percent in November.

Global organisations have joined the Rockefeller Foundation to form a coalition aimed at providing sustainable energy for one billion people within this decade.

Brent fell 2 cents to $50.27 a barrel . WTI was up 2 cents at $47.01.

World oil demand for 2020 is expected to decline by 9.77 mb/d,

Global electricity demand in 2020 is projected to fall by around 2%. With the recovery of the global economy in 2021, global electricity demand is expected to grow by around 3%.

Crude oil production from the major US onshore regions is forecast to decrease 137,000 b/d month-over-month in December from 7,575 to 7,438 thousand barrels/day, gas production to decrease 744 million cubic feet/day from 81,521 to 80,777 million cubic feet/day .

China November natural gas production was up by 3.7% from October, the third consecutive month-on-month rise. It was also 11.8% higher from a year-ago level, the data showed.

China plans to raise the share of non-fossil fuels in primary energy consumption from around 20% to 25% by 2020, and to raise its total installed capacity of wind and solar power to over 1,200 GW.