I believe we are in fact in the first global energy crisis, and this is affecting the oil markets, gas markets, electricity markets and coal markets. The world has never seen such an energy crisis.

There have been ongoing talks on the Russian Oil ban by the EU with more developments as the week progresses.

Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета, связанный с превышением фактически сложившейся цены на нефть над базовым уровнем, прогнозируется в мае 2022 года в размере +414,0 млрд руб.

In mid-April, the bidding process for a new $6 billion pot of nuclear bailout money opened up.

South Korea currently has 24 reactors, providing about one-third of South Korea’s electricity and nuclear energy had long been a strategic priority for the country until the phase-out policy was introduced.

The Worldwide Rig Count for April was 1,603, down 58 from the 1,661 counted in March 2022,and up 414 from the 1,189 counted in April 2021.

U.S. Rig Count is up 7 from last week to 705 , Canada Rig Count is down 4 from last week to 91.

Brent rose 88 cents, or 0.8%, to $111.78 a barrel, WTI climbed 84 cents, or 0.8%, to $109.10 a barrel.

Участники соглашения сохранили в силе достигнутые ранее договорённости о дальнейшем наращивании производства нефти в июне на уровне 432 тыс. баррелей в сутки.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.432 mb/d for the month of June 2022, as per the attached schedule.