2022

Brent rose 65 cents, or 0.6%, to $101.64 a barrel, WTI was up $1.22, or 1.3%, at $94.28

Benchmark Dutch front-month futures fell as much as 16%, partly reversing last week’s jump of almost 40%.

The transformation of the electricity system is buoyed by three key megatrends: decarbonization, decentralization, and digitalization. Together, these primary trends, the so-called ‘3Ds’, are ushering in a new era of the electricity system by converging to produce game-changing disruptions and fundamentally reshaping the electricity system.

"Today, the Paks II NPP project is taking another leap forward," said Hungary's Minister of Foreign Affairs and Trade Péter Szijjártó. "The construction licence confirms that the project complies with the international and Hungarian safety requirements. It is entirely feasible that Hungary will have two new power units by 2030, thus ensuring the stability of energy supply."

Alexander Korchagin, Atomstroyexport senior vice president for NPP construction project management, said the El Dabaa project - where construction formally began last month - is an attractive project for international companies. KHNP is joining a pool of qualified participants in the construction works, including major Egyptian companies, he added.

The station, as stated in the technical specification, must operate at temperatures from minus 60 to plus 40 degrees Celsius. The Automated Control and Management System (ACS) must ensure stable operation of the reactor or its shutdown without the participation of operational personnel.

Prime Minister Fumio Kishida has recently called for Japan to work to restart its idled nuclear power reactors and to look into an expansion of nuclear energy as the country tackles a crisis of tight power supply and demand.

U.S. Rig Count is up 3 from last week to 765 , Canada Rig Count is unchanged from last week at 201

Brent climbed 73 cents, or 0.73%, to $100.07 a barrel, WTI rose 78 cents, or 0.84%, to $92.93.

While some countries like Germany, where nearly half the homes rely on gas for heating, are more exposed than others, the European Union is seeking to band together.