The ITER International Fusion Energy Organisation has awarded a EUR200 million (USD218 million) contract for the Tokamak Assembly (TAC2) to Dynamic. The operation will mostly be performed at the ITER site in Cadarache, France with the engineering and manufacturing support of Dynamic's founding companies - Ansaldo Nucleare, Endel Engie, Orys Group ORTEC, SIMIC, Leading and Ansaldo Energia.

A UK Atomic Energy Authority spokesman told S&P Global Platts the funds were separate to the UK's participation via the EU in the global ITER fusion research project in France.

Brent were down 52 cents or 0.84% at $61.39 a barrel, WTI were 35 cents or 0.63% lower at $55.56 a barrel.

“If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests,” Prince Mohammed, known as MbS, said through a translator. “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes.”

These three levers, each with their own potential to disrupt the market and offer new growth opportunities to the companies that leverage them, are often discussed in the energy industry: Digital technology, climate change, and dealing with risk

Mr Zlochevsky, the owner of Burisma, Ukraine’s largest private gas company which acquired several of its extraction licences while he was in government, had lost a political patron when Mr Yanukovich was evicted from office. Weeks later the energy tycoon sought help elsewhere. Burisma made a surprise appointment to its board: Hunter Biden, younger son of then-US vice-president Joe Biden.

Germany and the UAE see that there is a great value in close consultations on foreign and security policy, Annen said. "We also want to deepen our cooperation on trade and investment, in particular on exchanging state-of the-art technologies and enabling small and medium-sized companies to succeed in our respective markets," the minister explained.

Saudi Arabia will start offering loans for renewable energy projects and manufacturers of renewable-energy components as the kingdom seeks to diversify its economy away from crude oil.

U.S. Rig Count is down 8 rigs from last week to 860, with oil rigs down 6 to 713, gas rigs down 2 to 146, and miscellaneous rigs unchanged at 1. Canada Rig Count is up 8 rigs from last week to 127, with oil rigs up 6 to 88 and gas rigs up 2 to 39.

Brent fell 6 cents to $62.68 a barrel, WTI rose 18 cents to $56.59 a barrel