Brent rose 16 cents, or 0.2%, to $72.97, WTI rose 16 cents, or 0.23%, to $68.91.

Brent rose 15 cents, or 0.2%, to $73.45 a barrel, WTI were at $69.31 a barrel, up 15 cents, or 0.2%.

The global oil demand growth forecast for 2024 is revised down slightly by 107 tb/d from the previous month’s assessment to 1.8 mb/d, y-o-y.

Russian gas is still being sold in significant volumes to Slovakia and Hungary, as well as to the Czech Republic which does not have a direct contract. Smaller volumes are going to Italy and Serbia.

Brent fell 35 cents, or 0.5%, to $71.93 a barrel, WTI declined 42 cents, or 0.6%, to $68.01.

Since gaining independence in 1947, India's power sector has achieved remarkable growth, with the installed capacity soaring from a mere 1,300 MW to an impressive 400 GW by 2023. This growth trajectory has been propelled by strategic investments in thermal, hydro, and renewable energy, underlining the sector's resilience, adaptability, and alignment with global sustainability goals.

In a joint statement after the leaders' meeting, the countries agreed to enhance collaboration in sectors such as new energy vehicles, lithium batteries, photovoltaics, and the digital economy.

As renewable energy sources like solar and wind become more widespread, their inherent unpredictability introduces new challenges. Unlike traditional fossil fuel power plants, renewable generation is intermittent, making it harder to forecast production and balance the grid.

Geographic Information Systems (GIS) offer a transformative approach to managing these networks, providing a comprehensive, real-world model of assets and enabling better decision-making and operational efficiency.

Brent fell 47 cents, or 0.6%, to $75.16 per barrel, WTI fell 55 cents or 0.8% to $71.81.

The murky waters are filled with Broken Oars for the start of the month in #NaturalGas as we enter the drastic weather changes season.There is a disparity of weather patterns from the 5-year average.

The Worldwide Rig Count for October was 1,754, up 3 from the 1,751 counted in September 2024, and down 22, from the 1,776 counted in October 2023.

Brent ticked up 14 cents, or 0.19%, to $75.22 a barrel, WTI was at $71.6 a barrel, up 13 cents, or 0.18%.

Supplies from the Organization of Petroleum Exporting Countries increased by 370,000 barrels a day to 29.9 million a day in October, according to a Bloomberg survey. The gain was tempered by reductions in Iraq, Iran and Saudi Arabia.

The EC also said that "continued" and "further action" is needed for the EU to meet its ambitious target of reducing emissions by 55% in 2030 from 1990 levels.