Brent ended the session up 37 cents, or 0.5% at $75.13 a barrel, WTI settled up 49 cents, or 0.7% at $73.47 a barrel.

USD 131 trillion will need to flow into an energy system over the period to 2050 that prioritises technology avenues compatible with a 1.5°C Pathway.

The pan-European STOXX 600 was up 1.0% after ending Wednesday with its fifth straight quarter of gains, and was set for its best session in more than a month.

U.S. commercial crude oil inventories decreased by 6.7 million barrels from the previous week to 452.3 million barrels.

Brent was up 25 cents, or 0.3% at $75.01 a barrel, WTI was up 41 cents, or 0.6% at $73.39 a barrel.

Chinese blue-chips (.CSI300) added 0.1%, Australian shares (.AXJO) were up 0.58% and set for a ninth straight month of gains, and Seoul's Kospi (.KS11) rose 0.35%. Japan's Nikkei (.N225) edged up 0.06%.

According to the EU Climate Law, the European Union will have to cut its net greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels and to reach climate neutrality by 2050.

Brent fell 67 cents, or 0.9%, to $74.01 a barrel, WTI fell 83 cents, or 1.1%, to $72.08 a barrel.

Chinese blue-chips fell more than 1%, taking MSCI’s index of emerging market shares 0.4% lower. Investors are also looking forward to U.S. jobs data that could sway the Federal Reserve’s policy outlook.

Electrical generation by renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) set a new record in April 2021 and accounted for 25.7% of total US production.

Brent Brent dipped 10 cents, or 0.1%, to $76.08 a barrel, WTI was down 4 cents, or 0.1%, at $74.01 a barrel.

The industry’s current circular capacity is woefully unprepared for the deluge of waste that is likely to come.

The Plan targets non-fossil fuel energy reaching only 20% of China’s energy supply by 2030; this means that coal must remain China’s dominant electric power generation fuel source for the foreseeable future.

This past year has been a whirlwind for large cities with the pandemic, with a significant exodus of residents, talents, and life. People have been moving to smaller and medium-sized municipalities due to remote working opportunities, affordability, and quality of life.

U.S. Rig Count is up 9 from last week to 470, Canada Rig Count is up 24 from last week to 117.