Brent fell 59 cents, or 0.8%, to $74.43 a barrel, WTI dropped 67 cents, or 0.9%, to $71.71 a barrel.

According to preliminary data, Gazprom produced 490.4 billion cubic meters of gas between January 1 and December 15, 2021, which is 14.2 per cent (or 61.1 billion cubic meters) more than in the same period of last year.

Средняя цена на нефть Urals за период мониторинга с 15 ноября 2021 года по 14 декабря 2021 года составила $75,75205 за баррель или $553,0 за тонну.

Demand for coal was particularly strong in the first half of 2021, cutting into stock levels and pushing up prices

China’s LNG imports have grown steadily every year since 2006 (when China began importing LNG), except in 2015. In 2017, China became the world’s second-largest LNG importer, surpassing South Korea.

U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 428.3 million barrels.

Brent rose by 62 cents, or 0.8%, to $74.50 a barrel, WTI gained by 65 cents, or 0.9%, to $71.52.

Specifically, the commission proposed to align the rules for the energy performance of buildings with the European Green Deal and decarbonise the EU's building stock by 2050.

Brent fell 91 cents, or 1.2%, to $72.79 a barrel, WTI fell $1.05, or 1.5%, to $69.68 a barrel.

Globally, renewable electricity capacity is forecast to increase by over 60% between 2020 and 2026, reaching more than 4 800 GW.

It is unusual for European LNG prices to surpass spot LNG prices in Asia, which relies on LNG imports much more than Europe, and especially in peak winter when demand from Japan, South Korea, China and Taiwan is at its highest, supporting the typical Asian premium.

The Dec. 12 LNG stocks were well above 1.42 million mt held at the end of December last year, as well as the four-year average of 1.71 million mt at the end of that month, according to METI data.

Derivatives linked to TTF, Europe’s wholesale gas price, soared as high as €131 per megawatt hour

Front-month gas futures fell 4.7 cents, or 1.2%, to settle at $3.747 per million British thermal units (mmBtu), their lowest close since Dec. 7.

Brent dropped 24 cents, or 0.32%, to $74.15 a barrel, WTI declined by 27 cents, or 0.38%, to $71.02.