January 2020

U.S. renewable energy consumption totaled 924 trillion British thermal units (Btu), which accounted for 12% of U.S. total primary energy consumption.

The European Commission’s “green deal” policy package, which was announced in December, will commit the European Union to achieve climate neutrality, emitting no more greenhouse gases beyond what can be absorbed, by 2050.

The price of gas on the wholesale market decreased from €23.2/MWh in 2018 to €13.6/MWh in 2019 (-41%).

Australia added 6.3 GW of new renewable capacity in 2019, against 4.8 GW in 2018

In December 2019, oil production was 3.106 million b/d, exceeding the record recorded in the previous month by 0.52% and that of Dec. 2018 production by 15.44%. Natural gas production also surpassed the previous month's record, registering an increase of 0.87% and reaching an average of 137.8 million cu m/day. The number was up 21.19% year-over-year.

"The UAE is currently investing over US$ 2 billion in Kazakhstan, which makes it one of the top sources for Foreign Direct Investments."

The Mexican oil company Pemex plans to invest more than US$1bn to develop and operate the Xanab offshore oil field

Brent fell by $1.79 a barrel, or 2.95%, to $58.90, WTI was down by $1.63, or 3%, at $52.55.

The US State Department on Thursday set sanctions against companies in Dubai, Hong Kong, and Shanghai,

U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production.