The pan-European STOXX 600 fell 1.9%, turning negative for the year

While renewables' 2020 performance was impressive, especially during a global pandemic, the report warns that the average pace of deployment through the 2020s will need to more than double that of the prior decade if the EU is going to hit its target of a 55 percent reduction in emissions by 2030.

The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent

Brent climbed 51 cents, or 0.9%, to $56.42 a barrel. WTI rose 41 cents, or 0.8%, to $53.02.

The global economy is projected to grow 5.5 percent in 2021 and 4.2 percent in 2022.

Global natural gas demand is projected to increase by 2.8% in 2021 (about 110 bcm), thus reaching slightly above its 2019 level.

European share indexes opened in the red. The STOXX 600 was down around 0.3% on the day

Economic growth and the lessening of pandemic-related restrictions result in more energy consumption and associated CO2 emissions. EIA expects total energy-related CO2 emissions to increase to 4.8 billion metric tons in 2021 and 4.9 billion metric tons in 2022.

Brent was down 28 cents, or 0.5%, at $55.60. WTI fell 26 cents, or 0.5%, to $52.51.

Coal-based power generation accounted for nearly 79 per cent of the country’s total generation on January 22, the day when all-India peak power demand surged to a record high of 187.3 GW.

Brent rose 34 cents, or 0.6%, to $55.75 a barrel. WTI was up 37 cents, or 0.7%, at $52.64.

U.S. commercial crude oil inventories increased by 4.4 million barrels to 486.6 million barrels.

Japan crude oil imports decreased by 16% to 2.5 mb/d in 2020

The pan-European STOXX 600 index rose 0.2%.

Angola's oil production declined by 15% to 1.3 mb/d in 2020