Brent rose 21 cents to $84.87 a barrel, WTI ose 26 cents to $81.67 a barrel.

It should be noted that the high flying bulls on the Oil Market may be sublime in the long-run perspective of things as demand is drawing down inventories globally and refinery margins have come off.

The Worldwide Rig Count for June was 1,707, up 32 from the 1,675 counted in May 2024, and down 93, from the 1,799 counted in June 2023.

Brent edged up 47 cents or 0.5% to $86.71 per barrel, WTI climbed 43 cents or 0.5% to $83.24 per barrel.

The agenda includes a logistics supply agreement to bolster cooperation between the two militaries, restarting discussions on the joint development of a fifth generation fighter aircraft, and collaboration on nuclear power, the people said.

Digital infrastructure is being deployed across various layers of the power grid, from transmission to distribution, enabling better management and optimization of electrical systems.

This starts by asking about who owns AI and how it might be employed in everyone’s best interest. The future belongs to us all.

Brent rose 40 cents, or 0.5%, to $85.41 a barrel, WTI gained 43 cents, or 0.5%, to $81.26 per barrel.

Russia was able to divert oil exports away from Europe to India and China, securing the much-needed financial flows for its budget, which is in deficit as Moscow spends heavily on defence and security.

That boosted Russia's share in the world's third largest importer and consumer to nearly 41% last month, the data showed.

Brent slid 40 cents, or 0.5%, to $84.84 a barrel, WTI were at $80.34 a barrel, down 39 cents, or 0.5%.

The parties plan to discuss the current state of and prospects for the continued development of a comprehensive strategic partnership between Russia and Vietnam in the trade and economy, scientific and technology, and humanitarian fields, and exchange opinions on relevant items on the international and regional agenda.

The world’s most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years, said people familiar with the matter, asking not to be named as the information isn’t yet public.

At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW, while hydropower capacity reached nearly 52 GW.

Changes including allowing full foreign ownership of renewable energy projects have already helped secure a pipeline of 99 gigawatts of wind and solar developments.