U.S. commercial crude oil inventories increased by 1.3 million barrels to 415.7 million barrels.

Brent rose $2.94, or 2.8%, to $107.91 a barrel, WTI rose $3.02, or 3%, to $105.43 a barrel.

The price of OPEC basket of thirteen crudes stood at $109.80 a barrel on Tuesday

Urals has been trading at record-lows in recent weeks, with some deals being done at discount of almost $40/b to the Platts Dated Brent crude oil benchmark.

China’s LNG imports averaged 10.5 billion cubic feet per day (Bcf/d), a 19% increase compared with 2020.

For the year ended December 31, 2021 profit attributable to the owners of PJSC Gazprom amounted to RUB 2,093,071 million.

According to preliminary data, Gazprom produced 175.4 billion cubic meters of gas in January-April 2022. This is a decrease of 2.5 per cent (or 4.5 billion cubic meters) versus the same period of 2021.

Complete removal of fossil fuels from the global economy removes three quarters of global greenhouse emissions.

The U.S. Department of Energy (DOE) announced $3.1 billion in funding from President Biden’s Bipartisan Infrastructure Law to make more batteries and components in America, bolster domestic supply chains, create good-paying jobs, and help lower costs for families.

Fennovoima's decision to end the contract is "justified and consistent", Finland's Ministry of Economic Affairs and Employment said.