State-run oil giant Saudi Aramco is working to determine the exact size and resource volume of the new finds,

China looked set for average economic growth of 5.7% a year from 2021-25 before slowing to 4.5% a year from 2026-30.

The CSI300 index rose 0.7% to 5,078.60 by the end of the morning session, while the Shanghai Composite Index gained 0.3% to 3,406.69.

Brent settled 9 cents higher at $51.29. WTI settled up 11 cents to $48.23 a barrel.

In comments, cleared for publication on Friday, Novak also said that Moscow views an oil price between $45 and $55 per barrel as the optimum level to allow for recovery of its oil production,

China natural gas production should increase by 7% to 186 bcm in 2020.

The price of thermal coal, used to generate electricity in power stations, has surged in the past two months as key consumers in China, India, South Korea and Japan rushed for supplies. 

$35 billion in funding for clean energy research across different types of technologies

The US Energy Department has a Geothermal Technologies Office and they are understandably optimistic.

Brent rose 17 cents, or 0.3%, to $51.37 a barrel. WTI increased 10 cents, or 0.2%, to $48.22.

The demand for natural gas is poised to grow in the long term. By 2040, worldwide gas consumption is expected to rise by 1.3 trillion cubic meters and exceed 5.3 trillion cubic meters.

U.S. commercial crude oil inventories decreased by 0.6 million barrels to 499.5 million barrels.

By the December cut-off date, Spanish plants generated 109,269 GWh of renewable power, up by 11.6% year-on-year, owing mostly to favourable weather conditions and an increase in the total installed renewable energy capacity.

The pan-European STOXX 600 index climbed 0.2%,

China Oil & Gas Pipeline Network Corp. is part of an effort by President Xi Jinping’s government to consolidate the nation’s major pipelines and other midstream facilities into a single firm, intended to boost competition among drillers and downstream oil and gas sellers. The entity officially started operations in October.