Spot gold was up 0.1% at $1,756.40 per ounce

The Ecological Goal of the Energy Transition is to reduce global greenhouse gas emissions and prevent the most serious effects of climate change. Replacing energy Fossil Fuel Systems (FFS) with Renewable Energy Systems (RES) is a way to achieve the Ecological Goal.

MSCI’s broadest index of Asia Pacific shares outside of Japan rose 0.6% to 516.6 points after earlier going as low as 509.9. Chinese shares regained lost ground too, with the blue-chip index last up 0.3%.

Brent rose 10 cents, or 0.2%, to $42.29 a barrel, WTI was at $39.87 a barrel, up 4 cents, or 0.1%.

With many office buildings left empty through the summer months, demand for electricity to power offices, as well as restaurants, hotels and music venues is expected to drop significantly.

Plummeting wind, solar, and storage prices have fallen so fast that the United States can reach 90% clean electricity by 2035 – without raising customer costs at all from today’s levels, and actually decreasing wholesale power costs 10%.

The slide in crude prices and recovery in economic activity late March had encouraged Chinese buyers to pile their shopping carts with all kinds of cheap crude,

China intends to cap its coal-fired power capacity at 1,100 GW and the number of coal mines at 5,000

The blue-chip FTSE 100 was down 0.2% and the mid-cap FTSE 250 0.1%, led by declines in battered energy , banks and travel and leisure stocks.

U.S. Rig Count is down 13 rigs from last week to 266, Canada Rig Count is down 4 rigs from last week to 17

Brent rose 61 cents, or 1.5%, to $42.12 a barrel, WTI climbed 60 cents, or 1.5%, to $39.44 a barrel.

The dollar traded near a two-week high against a basket of currencies

Brent were up 2 cents at $40.73 a barrel, WTI dropped 14 cents to $37.82 a barrel.

World oil demand is projected to decrease by 9.1 mb/d in 2020, unchanged from the previous month’s assessment. The COVID-19 pandemic has negatively affected global economic activities, eliminating global oil demand growth potential and leading to a y-o-y decline of 6.4 mb/d in 1Q20 and by 17.3 mb/d y-o-y in 2Q20.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year.