Historically in the U.S., transmission infrastructure has expanded annually by about 1%. The study explains the country's transmission infrastructure must expand at a pace of 2.3% annually — more than double its current pace.

U.S. Rig Count is up 3 from last week to 782, Canada Rig Count is up 1 from last week to 201.

Brent had edged lower by 13 cents or 0.1% to $89.65 a barrel, WTI rose 13 cents, or 0.2%, to $81.77 a barrel.

Meanwhile, the European Union is continuing talks about ways to limit spikes in gas prices ahead of a meeting of energy ministers next week.

U.S. commercial crude oil inventories decreased by 5.4 million barrels to 435.4 million barrels.

Brent dropped by 60 cents, or 0.6%, to $93.26 a barrel, WTI fell 69 cents, or 0.8%, to $86.23 a barrel.

Benchmark gas futures settled 9.2% higher, following an increase of 16% on Monday. Freeport LNG in Texas will likely extend an outage that began in June, increasing global competition for much-needed supplies right before the winter.

From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 4.24 million mt, or nearly 1 million b/d, in October, taking a 21% share comparable to that of Iraq and higher than Saudi Arabia's share of around 15% in the country's import basket in the same month,

According to preliminary data, Gazprom produced 359.7 billion cubic meters of gas from January 1 through November 15, 2022. This is a decrease of 19.2 per cent (or 85.3 billion cubic meters) versus the same period of last year.

Средняя цена на нефть Urals за период мониторинга с 15 октября 2022 года по 14 ноября 2022 года составила $71,1 за баррель, или $519,2 за тонну.

Brent were down 32 cents, or 0.3%, to $95.67 a barrel, WTI fell 39 cents, or 0.4%, to $88.57 a barrel.

The Netherlands, Poland, Spain, France and Italy have been the top five destinations for Saudi oil in the region this year, all of which have also been regular buyers of Russian crude.

Gas prices soared this year tracking the Russia-Ukraine war. But even if there was some peace settlement or an agreement with Ukraine, non-Russian gas will likely continue to attract a premium

An “Energy Superhub” is being constructed in Coventry, a city in the middle of the UK, which will harmonize a number of renewable technologies to maximize the benefits of decarbonized electricity.

U.S. Rig Count is up 9 from last week to 779, Canada Rig Count is down 9 from last week to 200.