The Worldwide Rig Count for November was 1,074, up 58 from the 1,016 counted in October 2020

U.S. Rig Count is up 3 from last week to 323 , Canada Rig Count is unchanged from last week at 102

Brent was up $1.04, or 2.1%, at $49.75 a barrel . WTI rose 84 cents, or 1.8% to stand at $46.48 a barrel.

Beginning in January 2021, DoC participating countries decided to voluntary adjust production by 0.5 mb/d from 7.7 mb/d to 7.2 mb/d.

India will see a massive USD 66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view to cutting down carbon emissions, Oil Minister Dharmendra Pradhan said on Wednesday.

India has announced plans to build a 10 GW dam on the Brahmaputra (Yarlung Tsangbo) River, which flows from Tibet into India and Bangladesh.

In October 2020, the Japanese government presented a plan to achieve carbon neutrality by 2050.

The government of Egypt, the Egyptian General Petroleum Corporation (EGPC), and the Egyptian Natural Gas Holding Company (EGAS) have reached an agreement with the Italian and Spanish gas groups Eni and Naturgy to restart the 7.56 bcm/year (5.6 Mt/year) Damietta gas liquefaction plant in northern Egypt.

Fitch Ratings has assigned Innergex Renewable Energy Inc. a first-time Issuer Default Rating (IDR) of 'BBB-' with a Stable Rating Outlook.

Chevron Corporation announced a 2021 organic capital and exploratory spending program of $14 billion