The US reaction to the Saudi-led decision was swift. President Joe Biden has warned of "consequences," and the country has announced more releases of crude from its strategic reserves.

U.S. Rig Count is up 2 from last week to 770, Canada Rig Count is down 3 from last week to 209.

In collaboration with Urenco Ltd, Westinghouse will complete a Pre-Front End Engineering Design study for a secure and reliable supply of advanced TRi-structural ISOtropic (TRISO) fuels to support a range of potential high-temperature gas-cooled reactor (HTGR) technologies in development.

The Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent.

U.S. commercial crude oil inventories decreased by 3.1 million barrels to 436.8 million barrels.

UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the Partnership on behalf of the UAE and the US.

In July last year, Westinghouse announced the launch of front-end engineering and design work - based on AP1000 technology - under a grant from the US Trade and Development Agency to progress the nuclear energy programme in Poland.

Romania has ongoing programmes to upgrade its existing Candu reactors at Cernavoda NPP, as well as to construct two new units and to develop small modular reactors (SMRs).

The selected projects, led by universities, national laboratories, and the private sector aim to develop commercially scalable technologies that will enable greater domestic supplies of copper, nickel, lithium, cobalt, rare earth elements, and other critical elements.

Just eliminating fossil fuel alone is a tall order -- 22 percent of the current generating mix is coal and 38 percent is natural gas. Half of the generation will, in theory, go offline while demand for electricity soars.