April 2021

Brent was up by 91 cents, or 1.5%, at $63.65 a barrel. WTI was up 99 cents, or 1.7%, at $60.15 a barrel.

The positives offer hope, but we need to remember that the environment remains challenging, complex and uncertain, with the market volatility we have witnessed in the last two weeks of March a reminder of the fragility facing economies and oil demand.

However, Russian gas remains competitive for European buyers given its low-cost production base and long-term reliability.

Chinese issuers including banks, property developers, power generators and railway operators sold $15.7 billion of bonds during January-March period to fund ‘green’ projects such as clean and renewable energy,

The plan proposes $100 billion in spending on upgrading and building out the nation's aging and regionally siloed electric transmission system. Various studies have estimated the U.S. will need to double or even triple its electric transmission capacity to successfully decarbonize its economy by midcentury.

Bruce Power has committed to achieving net-zero greenhouse gas emissions from its site operations by 2027, building on its previously announced NZ-2050 plan. The company says it is the first nuclear operator in North America to announce such an ambitious commitment.

Grossi said nuclear energy is a longstanding source of low-carbon electricity, has innovative solutions for further decarbonisation, and it enables renewable energy to be more effective.

Nuclear power is relatively expensive and some environmental groups worry about accidents and the storing of spent fuel, which is dangerous. Still, it’s the only source of carbon-free power that can run around the clock.

“Public engagement and acceptance are crucial for the future of nuclear power, and, as reactor designs continue to improve from both a safety and economic perspective, so too will the global community’s perception of this vital source of low carbon electricity.”

U.S. commercial crude oil inventories decreased by 0.9 million barrels to 501.8 million barrels.