Currently, renewables form 10% of India’s total power generation and that share will increase to 31% by 2030 with 450GW coming online.

The gist of the technical case for CCS in a hydrogen economy is that, so long as fossil fuels are available and deliver a high energy return on energy invested (EROEI), it is inherently cheaper and more efficient to produce hydrogen from fossil fuels by reforming, rather than by electrolysis of water.

U.S. Rig Count is up 8 from last week to 448, Canada Rig Count is up 4 from last week to 55,

Brent fwere up 1 cent at $68.12 a barrel. WTI eased by 2 cents to $64.69.

Russia, the largest non-OPEC partner in the alliance, has increasingly flouted its cap over the last several months, with its excess production soaring to 877,000 b/d.

The Worldwide Rig Count for April was 1,189, down 43 from the 1,231 counted in March 2021

Brent fell by 28 cents, or 0.4%, to $68.68 a barrel. WTI lost 31 cents, or 0.5%, to $65.32 a barrel.

The decline extends a volatile period for solar sector jobs, which have yet to return to a peak reached in 2016 before the U.S. imposed tariffs on foreign-made panels that increased prices.

U.S. commercial crude oil inventories decreased by 8.0 million barrels from the previous week to 485.1 million barrels,

NOV reported first quarter 2021 revenues of $1.25 billion, a decrease of six percent compared to the fourth quarter of 2020 and a decrease of 34 percent compared to the first quarter of 2020.

PAO NOVATEK released its consolidated interim condensed financial statements for the three months ended 31 March 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”).

Brent rose 75 cents, or 1.1%, to $69.63 a barrel. WTI was up 67 cents, or 1%, to $66.36 a barrel.

March coal exports were up 2.5% from 6.71 million mt in February and 9.7% higher than the year-ago month. It was the highest in a month since 7.01 million mt in September 2019.

Net income for the first quarter of 2021 increased to SAR 81,440 ($21,717), from SAR 62,478 ($16,661) for the same period in 2020, primarily driven by higher crude oil prices, improved downstream margins and the consolidation of SABIC’s results, partly offset by lower crude oil volumes sold.

For the year ended December 31, 2020 profit attributable to the owners of PJSC Gazprom amounted to RUB 135,341 million.