In support of the Biden Administration’s commitment to modernize the nation’s power grid and infrastructure and deliver 100% clean energy to businesses and homeowners by 2035, the U.S. Department of Energy (DOE) today announced the availability of up to $8.25 billion in loans

U.S. commercial crude oil inventories increased by 0.1 million barrels from the previous week to 493.1 million barrels,

U.S. Rig Count is up 2 from last week to 440, Canada Rig Count is down 4 from last week to 51

U.S. Rig Count is down 1 from last week at 438, Canada Rig Count is down 1 from last week to 55

Brent rose 42 cents, or 0.6%, to $65.82 a barrel. WTI jumped 51 cents, or 0.8%, to $61.94 a barrel.

OPEC+ officials said they see no reason to be alarmed, and the group's production is set to rise anyway.

which enshrines the EU's commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas (GHG) emissions by at least 55% by 2030,

The bill is a first step to create legislation that will allow to regulate CO2 emissions in Russia.

"Russia is willing to present a range of joint projects and consider potential benefits even for foreign companies that would like to invest in clean technologies, including in our country," Putin said.

"The world will need to generate many times more clean energy than we do today. To achieve this will require that we use every low-carbon technology at our disposal. Nuclear power must be one of those technologies."

The total number of nuclear plants in the USA has over the past two decades from 104 to 94, some 5.1 GW of nuclear capacity is anticipated to go offline this year,

"China has committed to move from carbon peak to carbon neutrality in a much shorter time span than what might take many developed countries, and that requires extraordinarily hard efforts from China,"

Brent declined 95 cents, or 1.4%, to $65.62 a barrel. WTI fell 93 cents, or 1.4%, to $61.74 a barrel.

In recent times many countries are viewing hydrogen energy as an area essential for the implementation of national low-carbon development strategies. However, hydrogen is a secondary energy source, i.e. additional energy is required to produce it, which has an effect on its cost price.

Nuclear energy is the largest (26.7% in 2019) single source of low-carbon energy in the EU, ahead of hydro (12.3%), wind (13.3%), solar (4.4%) and other (0.5%).