Japan typically takes high-CV, low-ash coal from Russia

Even before the Ukraine war had Europe scrambling for alternatives for Russia's oil and natural gas, Qatar's ambitions to grow its LNG business were coinciding with burgeoning energy demand by western countries amid the recovery from the pandemic.

По состоянию на 1 апреля 2022 г. объем ФНБ составил 13 052 295,2 млн. рублей, что эквивалентно 155 227,2 млн. долл. США,

Brent was down $2.08, or 2%, at $100.70 a barrel, WTI lost $2.19, or 2.2%, to $96.07.

The price of OPEC basket of thirteen crudes stood at $100.12 a barrel

The German year-ahead baseload traded as high as Eur197.75/MWh, a new high for the 2023 contract, while year-ahead coal into Europe traded at $230/mt, EEX and ICE exchange data showed.

Vladimir Putin likely sees the global energy shortage and lack of energy security as an opportunity to advance Russia’s interests in Ukraine, knowing that Europe has no other choice than to buy their petroleum.

A viable renewable energy backstop to oil & gas production does not now exist to guarantee Americans cost-effective, reliable, and 24/7 energy availability

Germany and Europe's dependence on Russian natural gas supplies cannot be eliminated in the short term without considerable economic damage.

Based on data from the third quarter, analysts expect to see a record 19 gigawatts of utility-scale solar and about 4 gigawatts of distributed solar installed in the United States this year.

U.S. Rig Count is up 16 from last week to 689, Canada Rig Count is down 13 from last week to 111.

Brent advanced by 16 cents, or 0.2% to $100.77 a barrel, WTI gained 35 cents, or 4%, to $96.37 a barrel.

OPEC's 13 members raised output by 60,000 b/d to 28.73 million b/d, but that was more than offset by a 160,000 b/d decline by the bloc's nine allies, who pumped 13.91 million b/d.

Novak is Russia's key negotiator in the OPEC+ group, which has resisted calls from consumers to increase production.

U.S. commercial crude oil inventories increased by 2.4 million barrels to 412.4 million barrels.