The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its third quarter financial results, recording a 158% year-on-year (YoY) increase in net income to $30.4 billion and declaring a dividend of $18.8 billion to be paid in the fourth quarter.

Third quarter 2021 income attributable to Royal Dutch Shell plc shareholders was a loss of $0.4 billion, which included non-cash charges of $5.2 billion due to the fair value accounting of commodity derivatives and post-tax impairment charges of $0.3 billion, partly offset by net gains on sale of assets of $0.3 billion.

U.S. Rig Count is up 2 from last week to 544, Canada Rig Count is up 2 from last week to 166.

Brent rose 21 cents, or 0.3%, to $84.53 a barrel, WTI added 10 cents, or 0.1%, to $82.91.

Ministers from the Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies - colectively known as OPEC+ - meet on Nov. 4 to decide output policy.

Amid strong demand, Gazprom has substantially expanded its gas production: over the past 9.5 months of 2021, it went up by 56.7 billion cubic meters (or 16.6 per cent) against the same period of last year.

Nuclear energy provides more than a quarter of the world's clean power. Over the last half century, it has avoided the release of more than 70 gigatonnes of greenhouse gases.

Nuclear accounts for almost 75% of France's power production, but former French president Francois Hollande said he aimed to limit its share of the national electricity generation mix to 50% by 2025,

The announcement followed the unveiling of the government’s net zero strategy which set out £120 million towards nuclear projects through the Future Nuclear Enabling Fund.

The plan says Japan should set ambitious targets for hydrogen and ammonia energy, carbon recycling and nuclear energy and notes that offshore wind and the use of rechargeable batteries have potential for growth.