May 2021

Brent were down 1 cent at $68.45 a barrel. WTI were off 8 cents at $65.97 a barrel.

Nuclear and renewables are the two principal, currently available options for low emission energy generation.

The Ust-Luga project is in line with Russia's plans to boost its LNG production capacity to around 140 Mt/year by 2035 and to raise its global LNG market share to 20%.

China's installed wind and solar capacity has surged in recent years from 174 GW in 2015 (131 GW of wind and 43 GW of solar) to 535 GW in 2020 (281 GW of wind and 253 GW of solar),

The first two offshore wind projects would be developed off the southern and eastern coasts of Iceland and would be commissioned in early 2025, to offset the decommissioning of the last coal-fired power plants in the United Kingdom.

The European Commission has approved Poland's €22.5bn support scheme for offshore wind

RWE and BASF are considering developing a new 2 GW offshore wind project in the German North Sea,

The statement came in line with the summit between South Korean President Moon Jae-in and U.S. President Joe Biden held at the White House on Friday.

The European Court of Justice (ECJ) has ordered Poland to immediately stop lignite mining activities at the Turów open-pit mine near the Czech and German borders, following a lawsuit filed by Czechia over environmental concerns.

Brent rose $1.25, or 1.9%, to $67.69. WTI was at $64.73 a barrel, up $1.15, or 1.8%.