November 2020
![November 2020](/cache/11-20/sanctions-79.01e3a4c8.jpg)
2020, November, 12, 13:55:00
NORD STREAM 2 SANCTIONS ANEW
Gazprom and Germany say Nord Stream 2 is purely a commercial project. Gas demand in Germany is growing as it cuts dependence on nuclear and coal power.
![November 2020](/cache/11-20/india-156.02de632c.jpg)
2020, November, 12, 13:50:00
INDIA'S ECONOMY STIMULUS $16 BLN
The government will spend 1.2 trillion rupees ($16.1 billion) on the latest stimulus program in addition to the 1.45 trillion rupees announced on Wednesday,
![November 2020](/cache/11-20/china-334.768d5f50.jpg)
2020, November, 12, 13:45:00
CHINA CARBON NEUTRALITY: 2060
President Xi Jinping said China's carbon emission will peak by 2030 and it will attain carbon neutrality by 2060, and thus make a huge contribution to the global fight against climate change.
![November 2020](/cache/11-20/hydrogen-42.503d9513.jpg)
2020, November, 12, 13:40:00
HYDROGEN FOR GERMANY $8.25 BLN
The government in the summer earmarked 7 billion euros ($8.25 billion) for the build-up of green hydrogen in Germany, plus a further 2 billion euros to set up partnerships with other countries.
![November 2020](/cache/11-20/hydrogen-41.5b420dee.jpg)
2020, November, 12, 13:35:00
GREEN HYDROGEN IS COUNTERPRODUCTIVE
I regard the strictly green position as irrational and counterproductive. It is an impediment to efforts to quickly slash carbon emissions and limit the effects of global warming.
![November 2020](/cache/11-20/price-848.0cd1e990.jpg)
2020, November, 11, 14:55:00
OIL PRICE: BELOW $45
Brent rose $1.17, or 2.7%, to $44.78 a barrel. WTI added $1.17 cents, or 2.8%, to $42.53 a barrel.
![November 2020](/cache/11-20/price-844.c77092b2.jpg)
2020, November, 11, 14:50:00
OIL PRICES 2020-21: $40 - $47
EIA forecasts Brent crude oil prices will average $47/b in 2021.
![November 2020](/cache/11-20/renewable-136.6324f9d8.jpg)
2020, November, 11, 14:40:00
RENEWABLE ELECTRICITY WILL UP BY 7%
In sharp contrast to all other fuels, renewables used for generating electricity will grow by almost 7% in 2020.
![November 2020](/cache/11-20/india-155.bddb0b43.jpg)
2020, November, 11, 14:35:00
INDIA ENERGY CONSUMPTION WILL DOUBLE
"India is set to nearly double its energy consumption over the long-term," Prime Minister Narendra Modi told the virtual forum. "Our energy sector will be growth-centric, industry friendly and environment-conscious."
![November 2020](/cache/11-20/price-846.9db19e25.jpg)
2020, November, 11, 14:30:00
OPEC+ IRAQ, SAUDI ARABIA
Saudi Arabia, Iraq "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.