The Prime Minister of Vietnam has authorised the 1,200 MW (2x600 MW) Quang Trach 2 coal-fired power project in the Quang Binh province.

Brent fell 58 cents, or 1.03%, to $55.52 a barrel. WTI dropped 65 cents, or 1.2%, to $52.48 a barrel.

Since 2005, the three power resources have accounted for more than 90% of all capacity additions (328 GW), with a remarkable 97% (170.9 GW) during the last seven years alone.

The recent Russian SolarWinds hack has been identified as one the most significant cyberattacks against the US.

U.S. Rig Count is up 5 from last week to 378, Canada Rig Count is up 11 from last week to 172.

Coal currently plays a critically important role in balancing the electricity grid while India drives an ever-larger infrastructure investment into ever-cheaper domestic, sustainable, zero emissions renewable energy.

Preliminary production figures for December 2020 show an average daily production of 2 135 000 barrels of oil, NGL and condensate.

China added nearly 72 GW of wind power capacity and 48 GW of solar capacity in 2020.

Libyan crude and condensate output surged to around 1.25 million b/d earlier this month, its highest level in more than six years

U.S. commercial crude oil inventories increased by 4.4 million barrels to 486.6 million barrels.

Japan crude oil imports decreased by 16% to 2.5 mb/d in 2020

Angola's oil production declined by 15% to 1.3 mb/d in 2020

The pan-European STOXX 600 index rose 0.2%.

Brent rose 34 cents, or 0.6%, to $55.75 a barrel. WTI was up 37 cents, or 0.7%, at $52.64.

The resumption of work in the Danish offshore Exclusive Economic Zone using the Fortuna comes despite US sanctions imposed Jan. 19 against both the vessel and its Russian owner, KVT-RUS.

Some of the country's largest energy customers, including Amazon, Facebook, General Motors, McDonald's, PepsiCo, Target and Walmart have called on the federal government to implement "strong and specific national policies" to accelerate the transition to a zero-carbon dioxide emissions power sector

Natural gas supplies to European consumers over the Nord Stream gas pipeline increased to record-breaking 59.2 bln cubic meters, Nord Stream AG, the pipeline operator, said.

Mexico's Federal Electricity Commission (CFE) plans to invest the equivalent of 20 billion dollars in five years in the sector through the 2021-2025 Business Plan, which is circulating here.

As we aim to exit the COVID-19 pandemic and the economic crisis it has triggered we must face a greater threat – that of a changing climate.

Coal-based power generation accounted for nearly 79 per cent of the country’s total generation on January 22, the day when all-India peak power demand surged to a record high of 187.3 GW.