The UK should be running on 50% renewable energy by 2030 to set it on a cost-effective path to the goal of net zero emissions by 2050, according to a report by the National Infrastructure Commission (NIC).

In late February, the Spanish energy companies Repsol SA and Endesa SA rejected a hefty deal on the purchase of 200 million cubic metres of LNG from the biggest US liquefied natural gas exporter Cheniere Energy Inc.

За 2019 год чистая прибыль, относящаяся к акционерам ПАО «ЛУКОЙЛ», составила 640,2 млрд руб., что на 3,4% больше по сравнению с 2018 годом. Увеличение чистой прибыли сдерживалось ростом амортизации, а также уменьшением неденежной прибыли по курсовым разницам.

Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day (MMBD) of crude oil in April

U.S. natural gas production grew by 9.8 billion cubic feet per day (Bcf/d) in 2019

The US Department of Defense (DOD) has awarded contracts to BWX Technologies Inc, Westinghouse Government Services and X-energy LLC to each begin design work on a mobile nuclear reactor prototype. The engineering design phase of the project will last up to two years, after which one of the three teams may be selected to build and demonstrate a prototype reactor.

В 2019 году была подписана Хартия долгосрочного сотрудничества между государствами ОПЕК и не-ОПЕК.

Asian LNG prices hit historic lows in February, the benchmark price for spot-traded LNG in Northeast Asia, falling to $2.71/MMBtu on underlying weak Asian demand compounded by mild temperatures and the coronavirus.

The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on Monday, triggering panic selling on Wall Street and other equity markets that have already been badly hit by the impact of the coronavirus outbreak.

U.S. shale companies need prices at least in the low $40s to cover costs,

Brent slid $0.41, or 1.1%, to $36.81 a barrel, WTI dropped $0.42, or 1.2%, to $33.94 a barrel.

Saudi Aramco received a directive from the Ministry of Energy to increase its maximum sustainable capacity (MSC) from 12 million barrels per day (MMBD) to 13 MMBD.

EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year. EIA forecasts that average Brent prices will rise to an average of $55/b in 2021, as declining global oil inventories put upward pressure on prices.

Russia has long been seeking to capitalize on its OPEC ties with investment deals, which have been slow to materialize despite official state visits by Saudi King Salman to Moscow in 2017 and Russian President Vladimir Putin to Riyadh in October.

UAE Minister of State and ADNOC Group CEO, Dr. Sultan Ahmed Al Jaber has commented on recent market developments, noting that the UAE oil company is set to supply the market with over four million barrels of oil per day in April 2020.

Al Mazrouei said, via a series of tweets, "OPEC and OPEC+ played an important role in delivering market stability. The UAE Ministry of Energy and Industry firmly believes that a new agreement is essential to support a balanced and less volatile market."

Total global oil demand is now assumed at 99.73 mb/d in 2020, with 2H20 forecast to see higher consumption than 1H20. Considering the latest developments, downward risks currently outweigh any positive indicators and suggest further likely downward revisions in oil demand growth, should the current status persist.

Norway's preliminary production figures for February 2020 show an average daily production of 2 106 000 barrels of oil, NGL and condensate,

Brent was trading down $1.65, or 4.6%, at $34.14 , WTI was down $1.38, or 4.2%, at $31.60

Researchers have stated that hydrogen is likely to be cost-competitive by 2035. But other technologies, such as battery storage, which have had a head start over hydrogen are more economical in the short term.