TotalEnergies said it would boost spending on short-cycle projects this year to help ease Europe's growing energy supply crunch. It expects its full-year capital spending to hit $16 billion in 2022 as it hopes to increase its sources of European natural gas and produce more LNG in the coming months.

“Nuclear cogeneration has an enormous potential to contribute to sustainable development while reducing carbon emissions, by taking advantage of the carbon free heat of nuclear power plants to provide fresh water, district heating, process heat and hydrogen,”

Indeed, by 2025, companies in the steel, building materials, petrochemicals, non-ferrous metals, consumer goods, equipment manufacturing and electronics sectors with an annual revenue of CNY20m (US$2.9m) or more will have to cut their energy use by 13.5% from 2020 levels.

U.S. commercial crude oil inventories increased by 4.5 million barrels to 426.6 million barrels.

Brent were down $1.34, or 1.3%, at $99.20 a barrel, WTI fell $1.28, or 1.4%, to $93.14 a barrel.

The price of OPEC basket of thirteen crudes stood at $106.80 a barrel

His Excellency Haitham Al Ghais of Kuwait took office as Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) at the Organization’s Secretariat in Vienna, Austria.

Первый замминистра выделил в качестве одного из перспективных проектов в нефтегазовой сфере - проект «Марин 12». «Ключевым проектом также является строительство нефтепродуктопровода «Пуэнт-Нуар – Лутете – Малуко-Трешо», в котором примут участие российские компании.

The Joint Technical Committee of OPEC+, which includes Russia, trimmed its forecast for a surplus in the oil market this year by 200,000 barrels per day to 800,000 bpd

The region imported almost 700,000 barrels a day of the fuel from Russia last month, higher than the previous month and a 22 per cent increase compared with July last year