In the first nine months of 2019, US thermal exports were more than 10 million mt below the year-ago period's total, and vessel tracking data show October exports are expected to come in close to September levels.

The Saudi economy recorded its biggest increase in new work in more than four years in November according to a report from IHS Markit.

In total, the Saudi government plans to sell 0.5% of Aramco to individual investors and the remainder to domestic institutions and international firms registered in the kingdom, known as qualified foreign investors.

Russia, a key non-OPEC ally, has so far opposed deeper cuts or a longer extension. But Moscow has often taken a tough stance before every meeting before approving the policy. Sources said Saudi Arabia was working on convincing Russia.

Brent rose $1.20 to $61.69 a barrel, WTI crude added $1.05 to $56.22.

Russia agreed to reduce its output by 228,000 bpd to about 11.18 million bpd in 2019 as part of cuts by the group of producers, known as OPEC+, which agreed to cut their combined output by 1.2 million bpd or 1.2% of global demand.

The ‘Power of Siberia’ pipeline, due to open on Dec. 2, will pipe natural gas around 3,000 km (1,865 miles) from Russia’s Siberian fields to the fading industrial region, which has lagged the push to gas in China’s south and east.

“Since coal is still a major resource, we will continue to rely on coal when we need it - and right now for instance, the economy is slowing and renewables are still relatively weak,” said Lin Boqiang, dean of the China Institute for Energy Policy Studies.

IEEFA forecasts India's cumulative renewable energy capacity to expand 17% year-on-year to 93.5GW by the end of 2019/20, adding a total of 13.5GW in 2019/20 (relative to just 5.7GW to-date).

Brent were down 29 cents at $63.58 a barrel, WTI were flat at $58.11

Japan, the world’s fifth-biggest carbon emitter, has set a goal to trim emissions by 26% from 2013 levels to 1.042 billion tonnes by 2030. The latest figure represents a reduction of 11.8% from 2013 levels, data showed.

U.S. Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the third quarter of 2019 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent.

U.S. Rig Count is down 1 rig from last week to 802, Canada Rig Count is down 11 rigs from last week to 126

Brent dropped 9 cents, or 0.14%, to $64.18 a barrel, WTI fell 12 cents, or 0.21%, to $58.29 per barrel.

Levels of heat-trapping greenhouse gases in the atmosphere have reached another new record high, according to the World Meteorological Organization. This continuing long-term trend means that future generations will be confronted with increasingly severe impacts of climate change, including rising temperatures, more extreme weather, water stress, sea level rise and disruption to marine and land ecosystems.