U.S. commercial crude oil inventories decreased by 5.2 million barrels from the previous week to 474.0 million barrels.

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project (the Project).

Brent rose 73 cents, or 1%, to close at $72.22 a barrel, WTI rose 82 cents, or 1.2%, to settle at $70.05 a barrel,

EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.

Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,

The Council of the European Union has approved a regulation creating the €17.5bn Just Transition Fund (JTF).

A new “Hydrogen Alliance” was launched by the UAE Ministry of Energy and Infrastructure and three of Abu Dhabi’s largest government-backed companies (Mubadala Investment Company, Abu Dhabi National Oil Company, and ADQ) in January 2021

China Three Gorges Renewables (75% owned by China Three Gorges Corporation) had a total capacity of 11.9 GW as of September 2020, with 58% of wind, 40% of solar and 2% of small hydro.

The parties discussed issues related to the implementation of current and prospective projects in Bolivia and the elaboration of a General Scheme for the country’s gas industry development.

The amount of Gazprom’s gas purchased by Serbia increased in 2021, showing a growth of 125.9 per cent in the first five months of 2021 versus the same period of 2020.