China's crude imports in the first quarter averaged 10.41 million b/d, down 8.1% year on year.

Algeria will gradually provide increasing volumes of gas to Italy from 2022, up to 9 bcm/year in 2023-24.

Laurentis is currently providing services to a number of SMR clients including Canadian nuclear utilities, Canadian non-nuclear utilities, European utilities, European non-nuclear utilities, and Canadian government departments. Fermi Energia was founded by Estonian energy and nuclear energy professionals to develop deployment of SMRs in Estonia.

ČEZ said three bidders - Framatome, Westinghouse and Russia's TVEL - participated in the tender, which was launched in April 2020.

Agreements were announced during the visit of Dr. Robert Habeck, German Federal Minister for Economic Affairs and Climate Action, to the UAE. They build upon the longstanding Emirati-German Energy Partnership as well as the Ministerial Emirati-German Hydrogen Task Force that was inaugurated in November 2021.

U.S. commercial crude oil inventories increased by 9.4 million barrels to 421.8 million barrels.

Brent rose by 48 cents, or 0.5%, to $105.12 a barrel, WTI gained 28 cents, or 0.3%, to $100.88.

The price of OPEC basket of thirteen crudes stood at $102.41 a barrel on Tuesday

For 2022, world oil demand growth is revised down by 0.5 mb/d to stand at 3.7 mb/d, mostly reflecting the downward revision in world economic growth. Oil demand growth is forecast at 1.9 mb/d in the OECD and 1.8 mb/d in the non-OECD.

The Brent price will average $108/b in 2Q22 and $102/b in the second half of 2022 (2H22).