The net profit amounted to RUB 2.514 trillion, which not only marks a 2.6-fold increase against the amount recorded in the first half of 2021 but also exceeds the total profit of the Gazprom Group for the two previous calendar years!

Preliminary production figures for August 2022 show an average daily production of 1 998 000 barrels of oil, NGL and condensate.

The ninth edition of IRENA’s series, Renewable energy and jobs: Annual review 2022, produced in collaboration with the International Labour Organization (ILO), provides the latest estimates of renewable energy employment globally.

Brent was up $1.49, or 1.8%, to $85.55 a barrel, WTI was up $1.37, or 1.8%, at $78.08.

The share of imports from Russia has likely risen because of lower imports into China and shifting trade patterns following Russia’s full-scale invasion of Ukraine. Western economic sanctions have reduced demand for Russian crude oil, and as a result, have left Russia to look for alternative export destinations.

Smart energy systems are the future of clean energy. Apart from AI, technologies such as ML and blockchain in the energy sector also significantly impact the shift toward sustainable energy.

U.S. Rig Count is up 1 from last week to 764, Canada Rig Count is up 4 from last week to 215

Brent were up 70 cents, or 0.78%, to $90.53, WTI was up 71 cents, or 86%, at $83.65.

The European Commission aims to publish Sept. 28 a document detailing future steps to ease volatility and increase trading volume in energy markets after surging prices led to ballooning margin calls

The Groningen gas field's output is due to be lowered to 2.8 bcm in the 12 months through to the end of September 2023, ahead of its planned closure at the end of that year.

U.S. commercial crude oil inventories increased by 1.1 million barrels to 430.8 million barrels.

Brent rose $2.28, or 2.5%, to $92.90 a barrel, WTI was at $86.16 a barrel, up$2.22, or 2.6%.

G7 countries have also agreed to finalize a price cap for Russian crude. The US Treasury has indicated that three separate price caps will be introduced -- for crude, high-value refined products and low-value refined products.

Brent fell $1.17, or 1.3%, to $90.18, WTI dropped $1.14, or 1.3%, to $83.97.

Russia is still the biggest source of the trade bloc's shipped crude with more than 1.2 million b/d of imports landing in the region in early September, the data shows, little changed on the month.