The total appropriation for the Department of Energy (DOE) is USD42.04 billion, which is USD3.45 billion above the FY2020-enacted level and USD6.31 billion above the budget request.

Egypt is among a small group of spot-exposed LNG exporters that were forced to curtail production because of low prices in mid-2020.

Libya's oil production has undergone a rapid rebound of almost 1 million b/d in the past two months

The ample US shipments come as Chinese petrochemical sector demand for propane feedstock held firm amid high domestic prices of propylene,

The government of Egypt, the Egyptian General Petroleum Corporation (EGPC), and the Egyptian Natural Gas Holding Company (EGAS) have reached an agreement with the Italian and Spanish gas groups Eni and Naturgy to restart the 7.56 bcm/year (5.6 Mt/year) Damietta gas liquefaction plant in northern Egypt.

The extra Libyan supply means OPEC+ will have to make some difficult choices as it heads to its formal meeting on Nov 30 – Dec. 1.

U.S. Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020

Libya's crude and condensate output has more than quintupled over the past month, averaging just close to 600,000 b/d on Oct. 26 as more oil fields in the southwest and southeast have restarted operations, sources added.

Libya was producing around 300,000 b/d at the end of last week as a handful of fields in the eastern Sirte Basin have restarted,

The importance of the East Mediterranean's gas importance came to the fore in 2015 with ENI's discovery of the 30 Tcf supergiant Zohr field, helping bring the North African country back to self-sufficiency in gas in 2018.

Egypt's gas fortunes turned around in 2015 when Italy's Eni discovered the 30 Tcf supergiant Zohr field in the Mediterranean, helping bring the North African country back to self-sufficiency in gas.

The Nuclear Power Plants Authority (NPPA) of Egypt plans to issue a licence to build the first unit of El Dabaa nuclear power project.

The U.S. economy slipped into recession in February. Gross domestic product contracted in the second quarter at its steepest pace in at least 73 years.

The IMF approved a 12-month Stand-by Arrangement (SBA), with total access of about US$5.2 billion to address balance of payments financing needs arising from the COVID-19.

U.S. dry natural gas production set a record in 2019, averaging 92.2 Bcf/d. EIA forecasts dry natural gas production will average 89.8 Bcf/d in 2020, with monthly production falling from an estimated 93.1 Bcf/d in April to 85.4 Bcf/d in December.