2020

U.S. Rig Count is up 6 from last week to 261, Canada Rig Count is up 7 from last week to 71

Brent was up 30 cents at $42.24 a barrel, WTI rose 23 cents to $40.54 a barrel.

Natural gas consumption in the U.S. industrial sector declined from 25.4 billion cubic feet per day (Bcf/d) in January 2020 to 20.1 Bcf/d in June 2020,

China LNG imports are set to hit a record 65-67 million tonnes this year

OPEC’s second-biggest producer, Iraq has failed in the past to fully comply with OPEC+ oil output reductions,

Russia’s crude oil export in January-July 2020 was down 4.2% year-on-year to 143.2 mn tons. In terms of value, crude oil export decreased by 36.6% year-on-year making $43.9 bn.

The cost of producing gas in the newly discovered Black Sea gas field will be more affordable than current gas imports, Turkey's Energy and Natural Resources Minister Fatih Donmez said Wednesday.

Key risks for the renewables sector are reductions in direct subsidies and tax credits as observed in China, Europe, and the US, permitting barriers and a cloudier outlook for long-term electricity prices.

Several oil majors are charting a faster shift to cleaner energy.

These goals are appropriately ambitious, while also realistic and achievable. Climate change mitigation is not a luxury but a necessity if we want to avoid a climate crisis.