December 2020

Brent were down 9 cents, or 0.2%, at $47.33 a barrel . WTI was down 11 cents, or 0.3%, at $44.44.

November production was down 11% on the year at 46.07 million mt, or around 11.26 million b/d. This was due to deeper output cuts under the OPEC+ agreement in 2020 compared with 2019.

China estimates its hydropower potential at around 700 GW

India's renewables energy plan will require an annual investment of $20 BLN.

Replacing natural gas with hydrogen has its pitfalls, starting with how it affects the pipelines it travels in and the appliances that use it.

Poland's PKN Orlen said in a press release that its transformation path until 2030 revolves around renewable energy and advanced petrochemicals.

Brazil’s Northeast region concentrates the largest number of wind parks in the whole country thanks to its favourable conditions.

Removal of less strategic assets from its development plan as a result of the growing strength of its portfolio.

Brent was up 31 cents at $48.19 a barrel . WTI was up 28 cents at $45.62.

Next year, the global economy is forecast to return to growth, expanding by an estimated at 4.4%, and oil demand growth is expected to be high, in the tune of 6.1 mb/d.