Gazprom supplied its first billion cubic meters of gas via the TurkStream gas pipeline.

The U.S. government will spend $1 trillion more than it collects in 2020 and deficits will reach or exceed that threshold every year for the foreseeable future. As a share of gross domestic product, the deficit will be at least 4.3% every year through 2030.

Overall, China's power generation rose by 4.7% in 2019, triggered by nuclear power generation (+18%) and renewable power generation (+5.7% for hydropower, +11% for wind and +25% for solar). CO2-free power generation thus accounted for 32.6% of the country's power mix. Thermal power generation grew at a slower pace (+2.4%, with +1.7% for coal-fired power generation).

In November 2019, Coal India decided to advance its coal production target of 1 Gt/year by two years, from 2026 to 2024.

The German cabinet on Wednesday backed plans to exit coal as an energy source by 2038 at the latest as part of Berlin’s efforts on climate protection,

Wind power is one of the most important drivers of Germany’s transition to renewable energy and a related target for green energy to reach 65% of electricity production by 2030 will be missed at the current rate of turbine growth,

U.S. renewable energy consumption totaled 924 trillion British thermal units (Btu), which accounted for 12% of U.S. total primary energy consumption.

The European Commission’s “green deal” policy package, which was announced in December, will commit the European Union to achieve climate neutrality, emitting no more greenhouse gases beyond what can be absorbed, by 2050.

The price of gas on the wholesale market decreased from €23.2/MWh in 2018 to €13.6/MWh in 2019 (-41%).

Australia added 6.3 GW of new renewable capacity in 2019, against 4.8 GW in 2018

In December 2019, oil production was 3.106 million b/d, exceeding the record recorded in the previous month by 0.52% and that of Dec. 2018 production by 15.44%. Natural gas production also surpassed the previous month's record, registering an increase of 0.87% and reaching an average of 137.8 million cu m/day. The number was up 21.19% year-over-year.

"The UAE is currently investing over US$ 2 billion in Kazakhstan, which makes it one of the top sources for Foreign Direct Investments."

The Mexican oil company Pemex plans to invest more than US$1bn to develop and operate the Xanab offshore oil field

Brent fell by $1.79 a barrel, or 2.95%, to $58.90, WTI was down by $1.63, or 3%, at $52.55.

The US State Department on Thursday set sanctions against companies in Dubai, Hong Kong, and Shanghai,