2020

A virtual power plant (VPP) is one that connects a network of distributed energy resources (DERs) together using cloud-based control software to enable effective power generation and distribution.

Hydrogen fuel cells can also open up additional revenue streams for utilities

Brent fell 13 cents, or 0.3%, to $40.18 a barrel, WTI declined 23 cents, or 0.6%, to $37.78 a barrel.

U.S. commercial crude oil inventories increased by 1.4 million barrels from the previous week to 540.7 million barrels

Weekly US crude oil exports averaged 3.16 million b/d for the week ended on June 19

South Korean refiners imported 7.407 million barrels of US crude in May, compared with 11.516 million barrels a year earlier,

China plans to increase the share of renewables (including hydro) in the power mix to 28.2% in 2020.

Amid a drop in demand and oil prices, in the first quarter the value of Saudi Arabia’s oil exports plunged by 21.9% year on year to $40 billion, corresponding to a decline of about $11 billion,

The mid-cap FTSE 250 shed 0.9%, tracking a slide in global equity markets

The NSE Nifty 50 index rose 0.1% to 10,320 and the benchmark S&P BSE Sensex was also up 0.1% at 34,924.05