No one can predict precisely what the electricity system will look like several decades from now.

With OPEC and its allies planning to roll back production quotas over the next few months in anticipation of greater global demand for crude oil, Iraq's quota will rise to 4.016 million b/d in July, having been at 3.954 million b/d in June and 3.905 million b/d in May.

Brent climbed 29 cents, or 0.4%, to $75.19 a barrel, WTI was at $73.66 a barrel, unchanged from the previous session.

The blue-chip CSI300 index rose 0.6% to 5,122.16, while the Shanghai Composite Index closed up 0.8% at 3,557.41.

This energy imbalance is “the most fundamental metric defining the status of global climate change,” scientists said in a 2016 Nature Climate Change article.

In 2020, India’s electricity production declined by 2.5% at 1,557 TWh. The country has an installed capacity of 412 GW (end-2020).

Roughly a quarter (10.5GW) of India’s 39.2GW of installed wind capacity was commissioned with wind turbine sizes of under 1 megawatt (MW),

Japan's package of actions, dubbed the Asia Energy Transition Initiative (AETI) and set to include a wide range of support measures for energy transition in ASEAN countries, was welcomed by ASEAN energy ministers, according to a joint statement issued following the meeting.

Preliminary production figures for May 2021 show an average daily production of 1 860 000 barrels of oil, NGL and condensate.

Aramco and an international investor consortium, including EIG and Mubadala, today announced the successful closing of the share sale and purchase agreement, in which the consortium has acquired a 49% stake in Aramco Oil Pipelines Company, a subsidiary of Aramco, for $12.4 billion.

Aramco President & CEO, Amin H. Nasser, said: “We are very pleased with the global investment community’s response to Aramco’s first international dollar Sukuk, which attracted demand 20 times the initial targeted issuance size.

Eletrobras has a production capacity of 51 GW, which represented 30% of the country's capacity (2019).

Vietnam has 600 MW of wind capacity, including 99 MW offshore, accounting for less than 1% of the country’s installed capacity (69 GW in 2020).

U.S. Rig Count is up 9 from last week to 470, Canada Rig Count is up 24 from last week to 117.

Brent were down 64 cents, or 0.9%, at $72.44 a barrel, WTI were down 53 cents, or 0.8%, at $70.51 a barrel.