Brent fell $1.08, or 1.5%, to $67.63 a barrel. WTI dropped $1.05 cents, or 1.6%, to $64.44 a barrel.

The International Energy Agency's Net Zero Emissions (NZE) scenario puts too much faith in technologies that are "uncertain, untested or unreliable" and fails to reflect both the size and scope of the contribution that nuclear technologies could make, World Nuclear Association said

В России сформирован хороший с точки зрения экологии энергобаланс. С учётом производства атомной энергии, работы крупных ГЭС, доля производства «чистой энергии» у нас составляет 40%.

A good Gap Up from the previous weeks closing price at 3.00379 saw a huge spike towards the 3.08 handle bringing about more bullish price action momentum towards yesterday's(May17th) peak price at 3.18093.

Total industrial production increased 0.7 percent in April. The indexes for mining and utilities increased 0.7 percent and 2.6 percent, respectively; the index for manufacturing rose 0.4 percent despite a drop in motor vehicle assemblies that principally resulted from shortages of semiconductors.

Brent fwas up 55 cents, or 0.8%, at $70.01. WTI was up 37 cents, or 0.6%, at $66.64.

The report is the world’s first comprehensive study of how to transition to a net zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth.

Crude oil production from the major US onshore regions is forecast to increase 26,000 b/d month-over-month in June 2021 from 7,707 to 7,733 thousand barrels/day, gas production to decrease 53 million cubic feet/day from 83,624 to 83,571 million cubic feet/day .

In the first quarter of 2021 LUKOIL Group's average hydrocarbon production excluding the West Qurna-2 project was 2,152 thousand boe per day, which is 4.2% higher quarter-on-quarter.

Brent fell 21 cents, or 0.3%, to $68.50 a barrel. WTI eased 9 cents, or 0.1%, to $65.28.

The last national electricity plan of 2018 predicts a renewable energy capacity of 275GW by 2027, with plans for significant coal capacity additions (to the order of 50GW) during 2017-2022 as well as 2022-27.

Pumped hydro energy storage constitutes 99% of global storage energy.

U.S. Rig Count is up 5 from last week to 453, Canada Rig Count is up 4 from last week to 59.

Brent was down $1.75, or 2.5%, at $67.57 a barrel. WTI was down $1.80, or 2.7%, to $64.28 a barrel.

For 2021, world oil demand is expected to increase by 6.0 mb/d, unchanged from last month’s estimate, to average 96.5 mb/d.