Brent were up 28 cents, or 0.2%, at $119.79 barrel, WTI were up 31 cents, or 0.3%, at $118.81 a barrel.

In March alone, wind (1,418-MW) and solar (240-MW) accounted for 100% of the new capacity brought on-line for the month.

Brent firmed 32 cents, or 0.3%, to $120.04 a barrel, WTI were up 40 cents, or 0.3%, at $119.27 a barrel.

India, one of the world’s biggest fossil fuel importers, is also seeking to cut its reliance on oil given its import bill is expected to almost double to $300 billion in the coming decade

Australia has more household solar per person than any other country. With the parallel growth of behind-the-meter (BTM) batteries, companies are seizing the opportunity to create Virtual Power Plants (VPPs)

Construction begins at largest wind farm in Australia

The Worldwide Rig Count for May was 1,628, up 25 from the 1,603 counted in April 2022,and up 366 from the 1,262 counted in May 2021.

U.S. Rig Count is is down 0 from last week to 727, Canada Rig Count is up 14 from last week to 117.

Brent fell 85 cents, or 0.7%, to $116.76 a barrel, WTI slipped 88 cents, or 0.8%, to $115.99.

The price of OPEC basket of thirteen crudes stood at $114.62 a barrel on Thursday,

"The EU's decisions to partially phase out Russian oil and oil products, as well as to ban the insurance of Russian merchant ships, are highly likely to provoke further price increases, destabilize energy markets, and disrupt supply chains," the Russian Foreign Ministry said in a statement.

Asia is expected to account for about 40% of global incremental crude runs in 2022, with the US and Europe accounting for about 30% and 18%, respectively.

Israel’s proven gas reserves are very large, at a current estimated level of about 538 bcm (end of 2021). Production increased very rapidly from 2.5 bcm in 2012 to almost 13 bcm in 2020 (+23%/year on average, including +45% in 2020).

U.S. commercial crude oil inventories decreased by 5.1 million barrels to 414.7 million barrels.

Brent was down $2.07, or 1.8%, at $114.22 a barrel, WTI dropped $2.21, or 1.9%, to $113.05 a barrel.