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.

Russia produced 42.46 million mt of crude and condensate in December, equivalent to around 10.04 million b/d,

Saudi Arabia will hold its February and March crude production to 8.125 million b/d -- well below its quota of 9.119 million b/d

Gas from Russia is transmitted by the TurkStream offshore gas pipeline and further across Turkey.

In January 2020, Russia and Turkey officially commissioned the 31.5 bcm/year TurkStream gas pipeline stretching 930 km across the Black Sea and that will supply 15.75 bcm/year to Turkey and 15.75 bcm/year to Bulgaria, Serbia and Hungary.

The US Senate on Jan. 1 voted to override President Donald Trump's veto of the US National Defense Authorization Act (NDAA) which includes new provisions related to Nord Stream 2 under the Protecting Europe's Energy Security Clarification Act (PEESCA).

bp and its partners have started commercial gas deliveries to southeast Europe from the Shah Deniz gas field in the Caspian Sea via the new Southern Gas Corridor (SGC) pipeline system.

Crude and bitumen blend import for China's independent refineries jumped 42.2% on the year to a record high of 188.11 million mt in 2020

The pan-European STOXX 600 index was up 0.2%, while UK’s FTSE 100 rose 0.7% and Germany’s DAX gained 0.2%.

The highest increase in cumulative capacity was observed in Bulgaria (+15%), Denmark and Poland (over 10% growth).

In 2019, nuclear power generation in France dipped by 3.5% to 379.5 TWh, missing its 384-388 TWh target.

U.S. Rig Count is up 3 from last week to 351, Canada Rig Count is down 23 from last week to 59.

Brent rose 19 cents, or 0.4%, to $51.28 a barrel. WTI rose 29 cents, or 0.6%, to $48.29.

The blue-chip CSI300 index rose 1.4% to 5,113.71 points, its highest close since June, 2015. The Shanghai Composite Index advanced 1.1% to 3,414.45 points.