July 2020
![July 2020](/cache/07-20/price-602.cd7a7fd3.jpg)
2020, July, 30, 12:25:00
OIL PRICE: NOT ABOVE $44 ANEW
Brent fell 2 cents, or 0.05%, to $44.07 a barrel , WTI were down 5 cents at $41.22 a barrel.
![July 2020](/cache/07-20/usa-237.486a79d9.jpg)
2020, July, 30, 12:20:00
U.S. ENERGY CONSUMPTION DOWN
the United States consumed 6.5 quadrillion British thermal units of energy in April 2020,
![July 2020](/cache/07-20/usa-243.349a2c9a.jpg)
2020, July, 30, 12:15:00
U.S. OIL INVENTORIES DOWN BY 10.6 MB TO 526.0 MB
U.S. commercial crude oil inventories decreased by 10.6 million barrels from the previous week to 526.0 million barrels,
![July 2020](/cache/07-20/germany-44.3fbdda59.jpg)
2020, July, 30, 12:10:00
GERMANY'S ECONOMY DOWN 10%
On the year, gross domestic product in Europe’s largest economy declined by 11.7% from April to June, seasonally adjusted figures from the Federal Statistics Office showed.
![July 2020](/cache/07-20/usa-236.d75a8acf.jpg)
2020, July, 30, 12:00:00
U.S. HYDROGEN INVESTMENT
the U.S. Department of Energy (DOE) announced approximately $64 million in Fiscal Year 2020 funding for 18 projects that will support the H2@Scale vision for affordable hydrogen production, storage, distribution, and use.
![July 2020](/cache/07-20/china-292.805baab1.jpg)
2020, July, 30, 11:55:00
CHINA'S OIL STOCKS UP
China's crude inventory hit a fresh high of 889.35 million barrels in the week beginning July 20,
![July 2020](/cache/07-20/usa-242.105fb91e.jpg)
2020, July, 30, 11:50:00
U.S. FEDERAL FUNDS RATE 0-0.25% AGAIN
the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent.
![July 2020](/cache/07-20/solar-37.e87bab59.jpg)
2020, July, 30, 11:45:00
AUSTRALIA'S SOLAR STORAGE $15 BLN
the AUD-22-billion (USD 15.7bn/EUR 13.4bn) Australian-ASEAN Power Link (AAPL) project of Sun Cable Pte Ltd will receive extra support from the Major Projects Facilitation Agency
![July 2020](/cache/07-20/solar-36.554bf180.jpg)
2020, July, 30, 11:40:00
BRAZIL'S SOLAR INVESTMENT R$4.5 BLN
Alternative asset-management company Brookfield wants to invest between R$4 billion and R$4.5 billion in solar power in Brazil.