The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $17.2 billion, or 10.6 percent, to $178.5 billion in the third quarter of 2020

U.S. Rig Count is up 8 from last week to 346 , Canada Rig Count is down 9 from last week to 102

Brent fell 26 cents, or 0.5%, to $51.24 a barrel. WTI slipped 17 cents or 0.4%, to $48.19 a barrel .

At the coalition's last meeting Dec. 3, OPEC+ members agreed to raise collective output by about 500,000 b/d from January and to convene monthly to determine subsequent levels.

A global economic recovery in 2021 is expected to drive a short-lived rebound in coal demand following the major drop this year triggered by the Covid-19 crisis,

Many oil companies that were hit hard in 2015 from the sudden drop in oil prices to levels not seen in years at the time, were able to hold on initially.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.6% from Thursday’s record. Mainland Chinese shares fell 0.4% while Hong Kong’s Hang Seng lost 1%.

Fitch Ratings has affirmed Abu Dhabi National Oil Company's (ADNOC) Long-Term Issuer Default Rating (IDR) at 'AA' with a Stable Outlook.

Brent rose 72 cents, or 1.4%, to $51.80 a barrel. WTI rose by 71 cents, or 1.5%, to $48.53 a barrel.

Total OECD indigenous production of crude oil, NGL and refinery feedstocks decreased by 7.3% in September 2020 compared to September 2019.

Total OECD indigenous production of natural gas decreased by 3.5% in September 2020 compared to September 2019

In September 2020, total net electricity production in the OECD was 841.0 TWh, down by 3.2% compared to September 2019 and down by 10.4% compared to August 2020. In the first three quarters of 2020, total electricity production was 7,731.5 TWh, down by 3.3% compared to the same period in 2019.

U.S. commercial crude oil inventories decreased by 3.1 million barrels to 500.1 million barrels.

Several factors contributed to the increase in U.S. LNG exports in recent months.

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