Poland plans to have nuclear power from about 2033 as part of a diverse energy portfolio, moving it away from heavy dependence on coal.

The agreement provides for the development of a Comprehensive Plan for the creation of a mineral resource centre in Yakutia using electricity supplied by a low-power nuclear power plant based on two RITM-200N reactors. It outlined possible conditions for the implementation of the project on the principles of public-private partnership.

U.S. Rig Count is down 1 from last week to 759, Canada Rig Count is down 3 from last week to 205.

Brent rose $1.24, or 1.4%, to $90.39 a barrel, WTI climbed $1.05, or 1.3%, to $84.59.

Germany doesn’t support a price cap on Russia gas because some countries are still dependent on those supplies, Economy Minister Robert Habeck told reporters in Brussels.

Rosatom and Myanmar’s Ministry of Science and Technology and Ministry of Electrification have signed a Roadmap on cooperation in the field of the use of nuclear energy for peaceful purposes for 2022-2023 on the sidelines of the VII Eastern Economic Forum in Vladivostok.

U.S. commercial crude oil inventories increased by 8.8 million barrels to 427.2 million barrels.

Brent was down $2.33, or 2.4%, to $93.41, WTI trading to $87.02, up 15 cents from Friday's close.

Revert to the production level of August 2022 for OPEC and non-OPEC Participating Countries for the month of October 2022 as per the attached table, noting that the upward adjustment of 0.1 mb/d to the production level was only intended for the month of September 2022.

Still, gas and electricity prices pared some of their large gains from earlier in the day as traders weighed the intervention plans.