February 2021

the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050.

In the fourth quarter of 2020 LUKOIL Group's average hydrocarbon production was 2,065 kboe per day, which is 9.5% higher quarter-on-quarter.

Brent touched an intraday high of $60.06 a barrel. WTI advanced 60 cents, or 1.1%, to $57.45 a barrel.

Germany's position is that Nord Stream 2 is a commercial project. However, Merkel expanded on her description of the pipeline, which she said she discussed openly with Macron.

Reports this week in the German press suggested the administration of new US President Joe Biden would be open to direct negotiations with Germany over the pipeline.

India's petroleum and steel minister Dharmendra Pradhan said stable energy markets will be crucial for both economic and demand recovery, and cooperation among consumers and producers is crucial to make that happen.

The blue-chip CSI300 index rose 1.5% to 5,564.56, while the Shanghai Composite Index added 1% to 3,532.45 points.

the U.S. goods and services deficit was $66.6 billion in December, down $2.4 billion from $69.0 billion in November

When we shut down the natural gas network and the use of fossil fuels our only source of energy will be electricity, and if 80% or more comes from wind and solar, we are more vulnerable than we were in the 1970s when the oil embargo happened.

China reportedly put 30 GW of new coal capacity online in 2020, with 88 GW of coal power under construction and 247 GW under development.