“Low carbon renewable energy sources are climate friendly but are not always readily controllable or able to meet energy demand due to the intermittent nature of solar and wind, and the absence of massive energy storage capacities. This means the power grid often requires supplementary energy sources,”

Renewables account for 15% of Iran’s installed capacity, with 11.9 GW of hydro, 410 MW of solar and 300 MW of wind.

U.S. Rig Count is up 5 from last week to 508 , Canada Rig Count is down 9 from last week to 147.

Brent rose 98 cents, or 1.4%, to $72.05 a barrel, WTI climbed 93 cents, or 1.4%, to $68.35 a barrel.

OPEC, Russia and nine other countries agreed in July to increase crude production by 400,000 b/d starting August through the end of 2022, a quantity that many analysts said would be insufficient to meet demand in the short-term, given seasonal consumption patterns and the world's recovery from the pandemic.

IOC is investing 1 trillion Indian rupees ($13.49 billion) to raise its refining capacity by 25 million tonnes a year in next 2-5 year,

Almost 70% of Turkmenistan’s natural gas output is exported.

"For the development of nuclear energy, which inevitably awaits us after the end of coal combustion in the Czech Republic, it is essential that Czech industry maintain high competencies in the widest possible range of expertise related to nuclear energy,"

Poland plans to auction up to 10.9 GW of offshore wind projects by 2030 and up to 28 GW of offshore wind by 2050.

Serbia also intends to fund gas, solar and wind power projects.