Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year and 1.9 million tons in August, according to Chinese customs data.

The current situation, rather than “making green energy so cheap that eventually everyone will want it”, is making green energy so expensive that eventually no one will want it.

Brent slid $1, or 1.1%, to $92.50 a barrel, WTI was at $84.02 a barrel, down $1.03, or 1.2%.

Benchmark futures declined as much as 12%, and are about 70% lower from the highs of August.

This €200bn package is expected to include a €96bn subsidy scheme which was introduced earlier in October 2022.

Saudi Arabia is China's top crude supplier with most of the country's refineries designed to crack Middle East crudes.

Nuclear power, climate change and sustainable development. Investor and philanthropist Bill Gates speaks with the IAEA in an exclusive interview ahead of the IAEA International Ministerial Conference on Nuclear Power in the 21st Century, to be held from 26 to 28 October 2022 in Washington, D.C.

The REPowerEU plan, which aims to end the EU’s dependence on Russian fossil fuels and tackle the climate crisis, will seek to raise the share of renewables in the region’s final energy consumption to 45% by 2030.

Qatar is carrying out another expansion plan, North Field East, which will cost almost $30 billion and is set to send out its first shipments in 2026. Some supply agreements have already been finalized for that project, Kaabi said.

There is a huge potential fusion industry and businesses were urged to get involved in the supply chain now.

The Department of Energy said Thursday it issued 40 offshore wind service contracts with a potential capacity of 30,000 megawatts.

The target was confirmed alongside the publication, on Friday, of the terms of reference for the New Zealand Energy Strategy, which maps out the ambitions and next steps for shifting to a “high performing, low emissions” future.

U.S. Rig Count is up 2 from last week to 771, Canada Rig Count is down 6 from last week to 210.

Brent slipped 12 cents to trade at $92.26 a barrel, WTI were down by 11 cents to $84.40 a barrel.

Benchmark futures declined as much as 4.8% on Friday and headed for a third straight weekly loss.