N.America
![N.America](/cache/01-20/VENEZUELA-1.5eff24df.jpg)
2020, January, 31, 12:10:00
U.S., VENEZUELA SANCTIONS: OPPORTUNITIES
Following the Jan. 28, 2019 ban on U.S. firms importing Venezuelan crude, the United States has not followed through on threats to extend the sanctions to any foreign company doing business with PDVSA, as it seeks to oust socialist Maduro.
![N.America](/cache/01-20/usa-60.988d9725.jpg)
2020, January, 31, 11:45:00
U.S. RENEWABLES WILL UP
U.S. electricity generation from renewable sources such as wind and solar to surpass nuclear and coal by 2021 and to surpass natural gas in 2045.
![N.America](/cache/01-20/CANADA-63.9fb16d0d.jpg)
2020, January, 31, 11:40:00
CANADA'S OIL SPENDING WILL UP TO C$37 BLN
CAPP forecasts overall spending for 2020 to rise to C$37 billion from C$35.1 billion. Conventional oil and gas spending is expected to reach C$25.4 billion, up C$1 billion, while spending in the oil sands may climb to C$11.6 billion from C$10.7 billion, CAPP said.
![N.America](/cache/01-20/usa-59.7cf3a8f0.jpg)
2020, January, 31, 11:25:00
U.S. GDP UP 2.1%
U.S. real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019
![N.America](/cache/01-20/usa-57.a57301a1.jpg)
2020, January, 31, 11:20:00
U.S. FEDERAL FUNDS RATE 1.5-1.75%
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee decided to maintain the target range for the federal funds rate at 1‑1/2 to 1-3/4 percent.
![N.America](/cache/01-20/USA-55.ba11b44e.jpg)
2020, January, 29, 13:25:00
U.S. DEBT WILL RISE TO 98%
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.
![N.America](/cache/01-20/USA-56.fd7ccd45.jpg)
2020, January, 29, 13:00:00
U.S. RENEWABLES CONSUMPTION 12%
U.S. renewable energy consumption totaled 924 trillion British thermal units (Btu), which accounted for 12% of U.S. total primary energy consumption.
![N.America](/cache/01-20/pemex-1.088d5b58.jpg)
2020, January, 29, 12:30:00
PEMEX INVESTMENT $1 BLN
The Mexican oil company Pemex plans to invest more than US$1bn to develop and operate the Xanab offshore oil field
![N.America](/cache/01-20/SANCTIONS-62.86a07e6b.jpg)
2020, January, 27, 14:55:00
U.S., DUBAI, HONG CONG, CHINA SANCTIONS
The US State Department on Thursday set sanctions against companies in Dubai, Hong Kong, and Shanghai,
![N.America](/cache/01-20/USA-51.d3b6402d.jpg)
2020, January, 27, 14:50:00
U.S. TIGHT OIL PRODUCTION UP
U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production.
![N.America](/cache/01-20/RENEWABLE-76.c40f71b1.jpg)
2020, January, 27, 14:45:00
U.S. RENEWABLES: 18%
Renewables only accounted for 18.2% of total energy generated by November 2019, while coal alone produced 23.4% of the country’s electricity.
![N.America](/cache/01-20/RIG-152.828aa494.jpg)
2020, January, 27, 14:10:00
U.S. RIGS DOWN 2 TO 794
U.S. Rig Count is down 2 rigs from last week to 794, Canada Rig Count is unchanged from last week at 244
![N.America](/cache/01-20/oil-6.2f3a2729.jpg)
2020, January, 24, 13:35:00
U.S. OIL EXPORTS 9 MBD
U.S. petroleum exports hit a new all-time high of 9.0 million barrels per day (mb/d) in the final month of 2019
![N.America](/cache/01-20/usa-50.cb05c121.jpg)
2020, January, 24, 13:30:00
U.S., CANADA BANKRUPTCIES UP 50%
U.S. and Canadian oil and natural gas exploration and production company bankruptcies totaled 42 in 2019, up from 28 in 2018,
![N.America](/cache/01-20/usa-48.87298e11.jpg)
2020, January, 24, 13:25:00
U.S. OIL PRODUCTION SLOWING
U.S. crude oil production will average 13.3 million barrels per day (b/d) in 2020, a 9% increase from 2019 production levels, and 13.7 million b/d in 2021, a 3% increase from 2020.