None of the 40 indicators it assessed are in line with the 2015 Paris Agreement goal of reining in average temperature rise to "well below" 2C, and ideally 1.5C, above preindustrial times.

OPEC+ has been sticking to its script of bringing on 400,000 b/d of crude to the market each month, with the Saudi energy minister suggesting panic buying is causing much of the market tightness.

Chinese energy firms and government researchers expect a significant increase in gas demand for power generation and industrial sectors this winter as a nationwide coal supply crunch and power outtages drive up demand for alternative fuels.

The increase in supply should help alleviate some of the price pressure in the domestic gas market as trucked LNG prices have soared to more than Yuan 7,000/mt ($1,093.82/mt), imported LNG remains over $30/MMBtu in the spot market and wider energy shortages persist amid cold weather.

On Tuesday, Moldova received a million cubic meters of gas from Poland in a move aimed at diversifying its energy supply following years of strong Russian influence over the small European nation of 3.5 million people.

Brent fell $1.13 cents, or 1.3%, to $85.27 a barrel, WTI were down $1.44, or 1.7%, to $83.21 per barrel.

Nuclear’s contribution to achieving the UN Sustainable Development Goals

"Domestic trucked LNG prices have recently surged to above Yuan 7,000/mt but the terminals continue to limit volumes sold downstream. I think these prices can continue to rise ... Yuan 8,000/mt sounds achievable now,"

Kremlin-controlled Gazprom cut supplies to Moldova by one-third last month following the end of a long-term contract and demanded more than double the previous terms to keep gas flowing.

Australia is seeing a rapid rise in the addition of solar power and has over 80 hydrogen projects planned, with renewable energy-based schemes outnumbering blue hydrogen schemes.