2021

"The surprise cut that they have done recently is a really brilliant move that led to stabilization of the market joined by other OPEC members at the most critical time," Dmitriev, who has been leading Russia's diplomacy in Saudi Arabia alongside Deputy Prime Minister Alexander Novak, said at the Saudi Future Investment Initiative conference.

At a briefing, White House press secretary Jen Psaki said Biden "continues to believe that Nord Stream 2 is a bad deal for Europe."

U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.

The pan-European STOXX 600 fell 1.9%, turning negative for the year

While renewables' 2020 performance was impressive, especially during a global pandemic, the report warns that the average pace of deployment through the 2020s will need to more than double that of the prior decade if the EU is going to hit its target of a 55 percent reduction in emissions by 2030.

The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent

During his introductory remarks, Adam Guibourgé-Czetwertyński, Poland's undersecretary of state for climate and environment, said the country had identified "a crucial role" for nuclear energy in its future energy mix.

CNOOC has taken delivery of a 100,000-ton deepwater semisubmersible production and storage platform, built to ABS Class.

Brent climbed 51 cents, or 0.9%, to $56.42 a barrel. WTI rose 41 cents, or 0.8%, to $53.02.

The global economy is projected to grow 5.5 percent in 2021 and 4.2 percent in 2022.