Brent was up 50 cents, or 0.7%, at $74.01 a barrel, WTI climbed 43 cents, or 0.6%, to $70.88 a barrel.

World oil demand growth in 2021 remains unchanged from last month’s assessment, showing growth of 6.0 mb/d despite some offsetting revisions.

Brent rose 67 cents, or 0.9% to $73.59 a barrel, WTI added 66 cents, or 1%, to $70.38.

What fuels increased electricity production year-on-year? Coal – up 34.7% (112.5 million MWh) Wind – up 10% (17.4) Solar – up 29% (12.6)

U.S. Rig Count is up 6 from last week to 503 , Canada Rig Count is down 9 from last week to 143.

Brent rose $1.20, or 1.7%, to $72.65, WTI was at $69.19, up $1.05 or 1.5%.

We expect Brent prices will remain near current levels for the remainder of 2021, averaging $71/b during the fourth quarter of 2021 (4Q21). In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining to an annual average of $66/b.

U.S. commercial crude oil inventories decreased by 1.5 million barrels from the previous week to 423.9 million barrels.

Brent fell 2 cents to $71.67 a barrel, WTI rose 11 cents, or 0.2%, to $68.46 a barrel.

Coal from Australia remains unavailable for China after an unofficial ban in the fourth quarter of 2020, while another major supplier Mongolia is facing issues as renewed concerns over COVID-19 impacts transportation.

Brent rose 35 cents, or 0.5%, to $72.57 a barrel, WTI was at $69.16 a barrel.

At the end of 2020 there were 441 operable nuclear reactors, with a combined capacity of 392 GWe. This total capacity has remained almost unchanged for the last three years.

Brent fell 98 cents, or 1.4%, to $71.63 a barrel, WTI was at $68.34 a barrel, down 95 cents, or 1.4%.

U.S. commercial crude oil inventories decreased by 7.2 million barrels from the previous week to 425.4 million barrels.

The Worldwide Rig Count for August was 1,434, up 54 from the 1,380 counted in July 2021,