Chinese energy firms and government researchers expect a significant increase in gas demand for power generation and industrial sectors this winter as a nationwide coal supply crunch and power outtages drive up demand for alternative fuels.

The increase in supply should help alleviate some of the price pressure in the domestic gas market as trucked LNG prices have soared to more than Yuan 7,000/mt ($1,093.82/mt), imported LNG remains over $30/MMBtu in the spot market and wider energy shortages persist amid cold weather.

Brent fell $1.13 cents, or 1.3%, to $85.27 a barrel, WTI were down $1.44, or 1.7%, to $83.21 per barrel.

Nuclear’s contribution to achieving the UN Sustainable Development Goals

Brent was down 55 cents, or 0.6%, at $85.44 a barrel, WTI dropped 56 cents, or 0.7%, to $83.20.

Brent increased 56 cents, or 0.7%, to $86.09 a barrel, WTI rose 62 cents, or 0.7%, to $84.38 a barrel.

U.S. Rig Count is down 1 from last week to 542, Canada Rig Count is down 4 from last week to 164.

Brent dropped 50 cents, or 0.6%, to $84.11 a barrel. WTI fell 49 cents, or 0.6%, to $82.01 a barrel.

Since India's per-capita energy consumption is about one-third the global average, demand is expected to rise exponentially, creating the need to push both refining expansion as well as clean energy initiatives,

Global energy-related carbon dioxide (CO2) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation and Development (OECD) over the next 30 years under current laws and regulations.

Renewable energy employment worldwide reached 12 million last year, up from 11.5 million in 2019

Tepid production and strong global LNG export demand have helped to push NYMEX gas futures prices for the coming months beyond $5/MMBtu.

Among the reasons given by respondents in favour of nuclear energy were the energy independence of France (53%, up from 46% in 2019) and the low cost of electricity (30%).

U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 426.5 million barrels.

Brent rose as high as $86.10 and was down 92 cents, or 1.1%, to $84.90. WTI fell 74 cents, or 0.9%, to $82.68.