January 2022

Brent futures contract was up $1.30/b (1.44%) from the previous close at $91.33/b, WTI rose $1.21/b (1.39%) at $88.03/b.

Oil, gas and resources companies, and trading desks, are fretting about the provisions around sanctions on Russian extractive industries, financial institutions and banks, Russian leaders and businessmen, and the use of global services, such as wire transfers.

Nuclear power plants may also be affected by extreme natural events, such as earthquakes, tornados, volcanic activity, ice storms and flooding. In rare circumstances, these events can be extreme enough to exceed the design capacity of a nuclear power plant.

For six months now, the EC has been in possession of the scientific verdict that nuclear energy is a sustainable energy source that can make a significant contribution to mitigating climate change.

China aims at establishing a national trading system by 2030, which would include all renewable power producers.

The Japan Atomic Energy Agency (JAEA), Mitsubishi Heavy Industries (MHI) and Mitsubishi FBR Systems (MFBR) yesterday signed a Memorandum of Understanding (MoU) with TerraPower of the USA to cooperate on the development of sodium-cooled fast reactors. TerraPower - founded by Bill Gates - is developing the Natrium sodium-cooled fast reactor.

This duplication of generating capacity increases electricity infrastructure investment, thus increasing required return on investment and consumer electric rates.

most of the growth was seen in energy sustainability, digital transformation, renewable energy, and electrification of transportation.

U.S. Rig Count is up 6 from last week to 610 , Canada Rig Count is up 5 from last week to 217.

Brent climbed 57 cents, or 0.6%, to $89.91 a barrel , WTI rose 54 cents, or 0.6%, to $87.15 a barrel.