Weaker-than-expected LNG demand, relatively mild winter weather, the coronavirus outbreak and Chinese tariffs have made the situation worse.

Power Industry 2020 Predictions and Trends: Hydrogen Fuel Cells to Become a Key Player in the Reliable Energy Backup and Storage Space

There is no doubt that we are in the midst of an energy revolution. Not only is the nature of energy changing from fossil-generated energy to renewable – there is a total change in the distribution structure occurring with less focus on centralisation and more on distributed energy.

U.S. Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft.

EDF net income - Group share amounted to €5,155 million at the end 2019, driven in particular by the improvement in the financial result.

U.S. Rig Count is unchanged from last week at 790, Canada Rig Count is down 2 rigs from last week to 255,

Question - How are utilities handling enterprise and operational information management?

Brent were up 13 cents at $56.47 a barrel, WTI were 14 cents higher at $51.56 a barrel.

The power industry is evolving because it must meet a growing demand for electricity, as the world population continues to increase and developing countries industrialise.

Brazil’s investment needs in energy infrastructure over the next ten years will reach BRL2,340bn (US$538bn)

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced net income attributable to common shares for fourth quarter 2019 of $1.1 billion or $1.18 per share compared to net income of $1.1 billion or $1.19 per share for the same period in 2018.

Brent was up $1.12, or 2.1%, at $55.13 per barrel, WTI rose 74 cents, or 1.5%, to $50.68 a barrel.

Россия и США продолжат оставаться крупнейшими производителями газа. При этом параллельно производство газа будет развиваться в Китае, Северной Америке, на Ближнем Востоке, в Аргентине, Индонезии и Австралии, в том числе за счет нетрадиционных источников.

Средняя цена на нефть марки Urals в январе 2020 года сложилась в размере $ 61,67 за баррель, в январе 2019 года - $ 59,85 за баррель.

EIA forecasts Brent prices will average $61/b in 2020; with prices averaging $58/b during the first half of the year and $64/b during the second half of the year. EIA forecasts the average Brent prices will rise to an average of $68/b in 2021.