U.S. Rig Count is is down 1 from last week to 727, Canada Rig Count is up 15 from last week to 103.

Brent was up 58 cents, or 0.5%, at $117.98 , WTI rose 27 cents, or 0.2%, at $114.36 a barrel.

The price of OPEC basket of thirteen crudes stood at $116.50 a barrel on Thursday

Europe is importing record volumes of liquefied natural gas (LNG) as gas from its top supplier Russia has been disrupted following the Ukraine crisis.

A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.

China has emerged as a willing buyer of Russian oil as others shun the OPEC+ producer’s energy due to the war in Ukraine.

Some key questions include how much gas or LNG will move from North America to Europe and how much gas demand will move in the opposite direction and when it comes to Europe,

Николай Шульгинов подчеркнул, что для обеспечения энергетической безопасности энергосистем Центральной Азии необходима совместная разработка мер нормативного, организационного и технического характера.

The UAE’s expanded cooperation with India in the area of climate aims to support India’s ambition to achieve 450 gigawatts (GW) of renewable energy installed capacity by 2030 and aligns with the UAE’s ambitions to expand its low and zero-carbon energy capabilities.

U.S. commercial crude oil inventories decreased by 1.0 million barrels to 419.8 million barrels.