Naftogaz also wants to force Russia to allow other Russian producers to be able to export pipeline gas via Ukraine to Europe.

Chinese blue-chips fell more than 1%, taking MSCI’s index of emerging market shares 0.4% lower. Investors are also looking forward to U.S. jobs data that could sway the Federal Reserve’s policy outlook.

Electrical generation by renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) set a new record in April 2021 and accounted for 25.7% of total US production.

Aramco and ADNOC are likely to use their connections to woo investments to their hydrogen and ammonia projects.

The industry’s current circular capacity is woefully unprepared for the deluge of waste that is likely to come.

U.S. Rig Count is up 9 from last week to 470, Canada Rig Count is up 24 from last week to 117.

OPEC+ negotiations on August production levels will pick up in earnest on June 29, with a meeting of the delegate-level advisory Joint Technical Committee, before the nine-country Joint Ministerial Monitoring Committee co-chaired by Saudi Arabia and Russia convene on June 30.

Chinese blue-chips (.CSI300) rose 0.43%, Hong Kong's Hang Seng (.HSI) added 0.61%, Seoul's Kospi (.KS11) was up 0.79% and Australian shares (.AXJO) climbed 0.22%. Japan's Nikkei (.N225) rose 0.59%.

Through 24 weeks, US output was approximately 279 million st, up 8.9% compared with the year-ago period. It is annualized to be 581 million st for the year, up 8.7% from the previous year.

Wide spreads between the price of LNG in end-user markets in Asia and Europe and feedgas prices based on the US Henry Hub have been incentivizing robust export activity from the US Gulf and Atlantic coasts.