Brent were down 56 cents, or 0.5%, at $101.76 a barrel, WTI were down 56 cents, or 0.5%, at $101.76 a barrel.

The price of OPEC basket of thirteen crudes stood at $101.93 a barrel

Traders are keeping a close watch on whether a resolution can be found on the Kremlin’s demand to be paid in rubles for its gas. European Union lawyers have said the new mechanism violates existing sanctions, and Russian President Vladimir Putin has warned that flows could be cut if the terms aren’t met.

Shipments of Russian gas via the Ukrainian network have continued unaffected since Moscow's invasion on Feb. 24.

Technip’s involvement in Arctic LNG 2 is likely to be sharply cut beyond June.

In March 2022, China’s government released its 14th Five-Year Plan (2021–25), which sets the domestic natural gas production target at 22.3 Bcf/d by 2025, or 3.0 Bcf/d more than domestic production in 2021.

A retreat from wind power could have devastating consequences, as it is set to play a pivotal role in global efforts to transition to green energy.

Along with other systems, power utility infrastructure is getting smarter with built-in sensing and processing capabilities.

Brent was down $4.91, or 4.6%, at $101.74 a barrel, WTI fell $5.00, or 4.9%, to $97.07.

The price of OPEC basket of thirteen crudes stood at $107.66 a barrel on Friday,