January 2021

Europe’s Euro STOXX 600 opened up 0.7%, with Frankfurt’s index up 0.8% after German industrial output and exports rose in November.

Chinese natural gas demand to reach 360 Bcm in 2021, up 8.4% from an estimated 332 Bcm in 2020. It was at 313 Bcm in 2019.

U.S. commercial crude oil inventories decreased by 8.0 million barrels to 485.5 million barrels.

Iraq had a 3.804 million b/d quota for December under the OPEC+ deal.

U.S. exports of liquefied natural gas (LNG) set a new record in December after a record-breaking November 2020, averaging 9.8 billion cubic feet per day (Bcf/d),

the U.S. goods and services deficit was $68.1 billion in November, up $5.0 billion from $63.1 billion in October

There are several new undersea power cable interconnector projects about to become operational across Europe. These high-voltage direct-current (HVDC) projects will enable significant transfers of renewable energy.

Micro-grids find niches where existing service is poor, non-existent and/or expensive

The Worldwide Rig Count for November was 1,074, up 58 from the 1,016 counted in October 2020

Brent rose as much as 0.9% to $54.09 a barrel. WTI climbed as much as 0.6% to $50.24 a barrel.