The pan-European STOXX 600 index edged 0.3% lower, trading below a one-year peak after a cautious session in Asian markets.

"Germany has achieved its 2020 climate target," Economy and Energy Minister Peter Altmaier said. Compared to 1990, 2020 emissions dropped 40.8%.

U.S. industrial production decreased 2.2 percent in February.

Though Russia suffered a relatively modest recession amid the pandemic last year, the recovery is expected to be sluggish and a jolt of state spending could help accelerate it. Russia has invested billions from the fund in the past in projects linked to big state companies.

ПАО «Газпром» и концерн Shell заключили Соглашение о стратегическом сотрудничестве сроком на пять лет.

Brent was down 69 cents, or 1%, at $68.19. WTI was down 69 cents, or 1.1%, at $64.70 a barrel.

The Intergovernmental Panel on Climate Change’s (IPCC’s) Special Report on Global Warming of 1.5°C released in 2018 clearly indicates that a 45% reduction in global greenhouse gas emissions from 2010 levels is required by 2030.

China’s blue chip CSI 300 index climbed 0.55%, and Hong Kong’s Hang Seng gained 0.46%.

The thermal coal value chain still claimed nearly 4,500 institutional investors totaling $1 trillion in operations.

LNG exports to Asia increased 67% in 2020 compared with 2019, accounting for almost half, or 3.1 Bcf/d, of all U.S. LNG exports.