Brent rose 24 cents, or 0.38%, to $62.94 a barrel. WTI rose 15 cents, or 0.25%, to $59.90 a barrel.

“We must emphasize in strong terms: cautious optimism, cautious optimism, cautious optimism.”

Current oil demand of 94 million b/d, rising to 99 million b/d in 2022.

After hitting a low in April, global emissions rebounded strongly and rose above 2019 levels in December.

Shares on Shanghai's Composite Index climbed 1.6% ahead of Friday's annual parliamentary gathering

State Grid expects wind and solar installed capacity to hit 1,000 GW by 2030

Europe is seen to install 105 GW of new wind over the next five years, adding to the 220 GW it has now.

The company will invest around £10bn (€11.6bn) in its power transmission network by 2026.

The share of renewables in the total daily power production stayed above 50% throughout the month and twice reached 68.4%,

The construction of Angra-3 started in the 1980s but was halted owing to a lack of resources.

RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces its audited consolidated financial statements for the year ended December 31, 2020, prepared in accordance with International Financial Reporting Standards (IFRS).

Brent dropped 70 cents, or 1.1%, to $62.99 a barrel. WTI fell 71 cents, or 1.2%, to $59.93 a barrel.

Prices have rallied to pre-virus levels, while U.S. production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the return of $100 oil.

Oil demand may continue to climb over the next decade even as countries work to comply with the Paris climate agreement’s goals for cutting emissions,

Средняя цена на нефть марки Urals в январе-феврале 2021 года сложилась в размере $57,6 за баррель, в январе-феврале 2020 года - $58,13 за баррель.