Russia has repeatedly said that the early launch of Nord Stream 2 would help ease the current high gas prices in Europe, which have soared in recent weeks on intensifying concerns over winter gas supply amid lower-than-expected Russian deliveries.

Germany is increasing the carbon emissions of its energy system by stepping out of nuclear power. And this at a time when the decarbonisation of the electricity industry is the main strategy for effectively achieving an energy system with net-zero emissions.

The German transmission systems operators (TSOs) 50Hertz, Amprion, TenneT and TransnetBW anticipate the installation of 8.2 GW of renewable energy capacity in 2022 and a renewable power production increase by 5% to 239 TWh

Poland, which generates 70% of its electricity from coal, has plans to build several nuclear power reactors to greatly reduce its reliance on the most carbon-intensive fossil fuel and meet climate goals,

The offshore wind project at the Bornholm island may have an installed capacity of 3 GW, instead of 2 GW.

The draft Power Development Plan 8 (PDP 8) of Vietnam forecasts an installed capacity of 144 GW in 2030, with coal-fired power plants accounting for 31% of the country's installed capacity in 2030.

U.S. Rig Count is up 10 from last week to 543 , Canada Rig Count is up 1 from last week to 168.

Brent rose 62 cents, or 0.7%, to $84.62 a barrel. WTI rose 56 cents, or 0.7%, to $81.87 a barrel.

World oil demand is estimated to increase by 5.8 mb/d in 2021, revised down from 5.96 mb/d in the previous month’s assessment.

Speaking at Russian Energy Week, Novak also said the Nord Stream 2 pipeline would be ready to begin commercial operations "in the coming days" but that its startup still depended on winning approval from European regulators.