May 2022

In 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels.

In early April, the government published its Energy Security Strategy, setting out its ambitions for eight new reactors, plus small modular reactors, helping to produce 24 GWe of nuclear generating capacity by 2050, representing about 25% of the UK's projected electricity demand.

Aramco announces first quarter 2022 results Net income: $39.5 billion (Q1 2021: $21.7 billion)

The Philippines has an installed capacity of 26.8 GW (end-2021), with 41% of coal, 17% of oil, 14% of hydro and 13% of gas.

U.S. Rig Count is up 9 from last week to 714, Canada Rig Count is down 3 from last week to 88.

Brent were up $1.68, or 1.6%, at $109.13 a barrel, WTI climbed $1.40, or 1.3%, to $107.53 a barrel.

The price of OPEC basket of thirteen crudes stood at $109.02 a barrel on Wednesday

World oil demand growth in 2022 is expected to increase by 3.4 mb/d y-o-y, representing a downward revision of 0.3 mb/d from last month’s report, with 1.8 mb/d in the OECD and 1.6 mb/d in the non-OECD.

European gas prices were trading higher early May 12, with the TTF month-ahead price up at Eur105/MWh ($109.72/MWh) as of 0815 GMT, according to ICE data.

Germany, Russia's top client in Europe, said some subsidiaries of Gazprom Germania were receiving no gas because of the sanctions.