Brent gained 40 cents, or 0.5%, to $86.46 a barrel , WTI was up 58 cents, or 0.7%, at $84.40 a barrel.

"Россия привержена климатической повестке и мировой декарбонизации. При этом надо учитывать, что глобальное потребление энергии растёт, в ближайшие 15–20 лет оно увеличится ещё на 30%. Поэтому в первую очередь нужно учитывать вопросы энергобезопасности", – подчеркнул вице-премьер.

After small drop in 2020, global electricity demand grew by 6% in 2021. It was the largest ever annual increase in absolute terms (over 1 500 TWh) and the largest percentage rise since 2010 after the financial crisis.

Canada’s General Fusion announced that it had achieved several aggressive performance goals of a prototype system for its Fusion Demonstration Plant (FDP).

The transition, to be spread over 30 years, will hit Canada's economic growth as demand and prices for commodities fall, leading to less inflationary pressure and a need for more stimulative monetary policy, the Bank of Canada and the Office of the Superintendent of Financial Institutions said.

Japan has found "considerable gas shows" in a series of the country's funded drilling operations conducted by INPEX until the fiscal year 2019-20 (April-March), marking the first domestic project, which enters an exploration phase with the support of the government's geological structure surveys,

The country imported 3.862 million mt of LNG in December, down 9.3% from 4.257 million mt a year earlier, customs data showed Jan. 17.

ENA called on the UK government to increase its hydrogen production capacity target to 10 GW by 2030, up from the current target of 5 GW by that date, to ensure sufficient supply is available, and encourage domestic production.

U.S. Rig Count is up 13 from last week to 601, Canada Rig Count is up 50 from last week to 191.

Brent rose 32 cents, or 0.4%, to $84.79 a barrel, WTI rose 32 cents, or 0.4%, to $84.79 a barrel.