U.S. commercial crude oil inventories decreased by 1.7 million barrels from the previous week to 484.3 million barrels.

In the first quarter of 2021, profit attributable to PJSC LUKOIL shareholders amounted to RUB 157.4 bln as compared to RUB 29.4 bln in the previous quarter and a loss of RUB 46.0 bln in the first quarter of 2020.

Brent rose 13 cents, or 0.2%, to $68.78 a barrel. WTI was down 5 cents, or 0.1%, at $66.02 a barrel.

Александр Новак также подчеркнул, что реализации задач комплексного увеличения и диверсификации экономического сотрудничества между двумя странами призвана способствовать принятая программа российского-саудовского стратегического сотрудничества высокого уровня.

Global oil deficit is currently seen at around 1 million barrels per day, Russia's deputy prime minister Alexander Novak told reporters on Wednesday.

UK strategy would take a "twin-track approach", she said. "It would not be blue or green, but both. Blue gives us volume as well as investment."

Asia's spot LNG market is being supported by unprecedented LNG demand from North Asia, especially China, where economic activity has been relatively robust in 2021 on the back of recovery from the pandemic.

Thermal coal imports in April were at 16.239 million t, a growth of 40.10% over the 11.591 million t imported last April 2020 and a 26.31% growth over the 12.856 million t imported in March 2021.

The UAE is investing in various hydrogen projects as the Gulf state seeks to capitalize on the global appetite for green energy products as the energy transition trend gains momentum.

Poland on Monday defied an injunction by the European Union's top court that had ordered the immediate shut down of a major lignite mine in the border town of Turow.

Brent were down 1 cent at $68.45 a barrel. WTI were off 8 cents at $65.97 a barrel.

Nuclear and renewables are the two principal, currently available options for low emission energy generation.

The Ust-Luga project is in line with Russia's plans to boost its LNG production capacity to around 140 Mt/year by 2035 and to raise its global LNG market share to 20%.

China's installed wind and solar capacity has surged in recent years from 174 GW in 2015 (131 GW of wind and 43 GW of solar) to 535 GW in 2020 (281 GW of wind and 253 GW of solar),

The first two offshore wind projects would be developed off the southern and eastern coasts of Iceland and would be commissioned in early 2025, to offset the decommissioning of the last coal-fired power plants in the United Kingdom.