Brent climbed 1 cents to $77.21 a barrel, WTI were down 4 cents at $72.28 a barrel.

These additional voluntary cuts are announced by the following OPEC+ countries : Saudi Arabia (1,000 thousand b/d); Iraq (223 thousand b/d); United Arab Emirates (163 thousand b/d); Kuwait (135 thousand b/d); Kazakhstan (82 thousand b/d); Algeria (51 thousand b/d); and Oman (42 thousand b/d) starting 1st of January until the end of March 2024.

Extreme weather events,food supply disruption add urgency to energy transition.Panama Canal drought has effectively reduced carrying capacity due to climate change. Green deal creating incentives on critical minerals.

There are currently $242bn of funds in the UK marketed as “sustainable”, according to data provider Morningstar Direct, compared with $290bn in the US and nearly $2tn in the rest of Europe.

When Congress passed the IIJA in 2021, it authorized $1.2 trillion in spending over five years for the country’s critical infrastructure - transportation, energy- broadband, water, technology, healthcare, education and more. Currently, it is estimated that between $345 billion and $400 billion has been disbursed to date.

“Right now, we have 22.8 GW of renewable energy projects under different stages of development; 2.8 GW will be operational before the end of the year,” Muneef Al-Muneef, general director of renewable energy policies at the Saudi Ministry of Energy.

The Worldwide Rig Count for November was 1,794, up 17 from the 1,777 counted in October 2023, and down 96, from the 1,890 counted in November 2022.

Brent fell 15 cents, or 0.2%, to $82.95 a barrel, WTI rose 12 cents, or 0.2%, at $77.98 a barrel.

The Hungarian government plans to extend the service of the Paks NPP. Four of its reactors, build by Soviet specialists some 40 years ago, are to go out of operation between 2032 and 2037, but their life span may be extended by 20 years, to 2052-2057. At the same time, the plant’s units Five and Six are now being built in accordance with Rosatom’s designs.

Starting in December, Japan will begin operating "Strategic Buffer LNG," or SBL, cargoes in order to be prepared for any supply issues, starting with a minimum of one LNG cargo a month during the country's peak winter demand months over December 2023-February 2024, with JERA having been approved Nov. 24 as the first supplier.