January 2022

Propane imports fell 11.5% month on month to 1.46 million mt in December, which was partially offset by butane imports rising 9.6% over the same period to 416,006 mt,

“Fusion energy has the potential to produce a stable, reliable and low-carbon power source that could be critical in a decarbonised energy future. Our involvement will bring together the best of UK and international expertise to solve the challenges associated with fusion energy,”

To make lasting progress, carbon transition policy must be tailored to each country’s needs and dynamics while addressing the limitations of renewable energy like intermittency and lack of storage.

The exchange between the public and private sector industry experts in Canada and the UAE provided an unprecedented opportunity to discuss the recent developments, challenges, and opportunities in hydrogen and decarbonisation in Canada, the UAE, and wider MENA region, and to forge future partnerships.

OKG has long operated a facility at the Oskarshamn site which uses electricity from the power plant to produce hydrogen through the electrolysis of water.

Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative

U.S. commercial crude oil inventories increased by 0.5 million barrels from the previous week to 413.8 million barrels.

Brent were down 39 cents, or 0.4%, at $88.05 a barrel, WTI were down 29 cents, or 0.3%, at $86.67 a barrel.

World oil demand was seen rising by 5.5 million b/d in 2021 and by 3.3 million b/d in 2022, the IEA said, surpassing its pre-pandemic levels by 200,000 b/d to 99.7 million b/d.

The TTF day-ahead price hit an all-time high of Eur182.78/MWh on Dec. 21, an increase of 985% year on year,