Under the two agreements, the three groups will explore key areas of collaboration on Ørsted’s Incheon offshore wind project, contributing to the growth of offshore wind power in South Korea

Brent rose 58 cents, or 0.7%, to $88.47 a barrel, WTI gained 57 cents, or 0.7%, to $85.71 a barrel.

Years of anti-fossil fuel policymaking have led to a growing portfolio of canceled natural gas pipeline projects, a trend that places US energy supply at risk,

"As the federal government, we have once again clearly expressed our rejection of the inclusion of nuclear energy. It is risky and expensive," Vice Chancellor and Economy Minister Robert Habeck said in a joint statement with Environment Minister Steffi Lemke, both senior members of the Greens party.

Shipments of Russian crude to the US in 2021 averaged 202,000 b/d, the highest in 11 years. Most of these imports consist of Russian export grades, such as Urals, ESPO Blend and Varandey.

The agreement between Iran and world powers lifted sanctions against Tehran in exchange for restrictions on its atomic activities.

Brazil's electricity demand increased by 4.1% in 2021 to an average of 64.7 GW, according to Cámara de Comercialização de Energia Elétrica (CCEE).

The plant is designed to utilise 6 million tonnes of low rank coal to produce 1.4 tonnes of dimethyl ether (DME) annually, which can reduce Indonesia's LPG import by 1 million tonnes per year,

U.S. Rig Count is up 3 from last week to 604, Canada Rig Count is up 21 from last week to 212.

Brent were down $1.00, or 1.1%, to $87.38 a barrel, WTI slid $1.16, or 1.4%, to $84.39 a barrel.