The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110.0 billion. Aramco declared a fourth quarter dividend of $18.8 billion, to be paid in the first quarter of 2022.

Brent climbed $3.74, or 3.5%, to $111.67 a barrel, WTI rose $3.98, or 3.8%, to $108.68.

The price of OPEC basket of thirteen crudes stood at $104.96 a barrel on Thursday, compared with $104.06 the previous day, according to OPEC Secretariat calculations

Russian inflows to China hit a nine-month low of 1.42 million b/d in February, down 26.1% year on year and more than 25% month on month.

Preliminary production figures for February 2022 show an average daily production of 1 980 000 barrels of oil, NGL and condensate.

The eVinci microreactor is a heatpipe reactor able to deliver combined heat and power (5 MWe and up to 13MWt).

"Nigeria is trying to deliver 4000 MW of electricity through nuclear power. We are planning to construct four units and currently we are at the bidding phase of the nuclear power programme in Nigeria,"

The country currently generates around 60% of its electricity from renewables (hydropower, wind and solar) and expects to reach 80% before 2030.

U.S. Rig Count is unchanged from last week at 663, Canada Rig Count is down 30 from last week to 176.

Brent rose 82 cents, or 0.8%, to $107.46 a barrel, WTI climbed $1.14, or 1.1%, to $104.12 a barrel.

Vladimir Putin had a telephone conversation with President of the Republic of Turkey Recep Tayyip Erdogan.

Oil imports by Asia's third-largest economy rose 5% from January and were up 24% from a low base in February 2021, when a refinery at Bathinda in northern India was fully shut for maintenance, data showed.

The world's fourth-biggest crude importer received 10.565 million mt, or 77.44 million barrels, of crude oil in February, compared with 74.97 million barrels imported a year earlier, marking a fifth consecutive month of year-on-year increase,

A powerful earthquake off the eastern coast of Japan did not cause any issues of safety concern at the three nuclear power plants in the area, including the Fukushima Daiichi Nuclear Power Station, the country’s Nuclear Regulation Authority (NRA) told the International Atomic Energy Agency (IAEA) today.

Recent geopolitical events have not had a material impact on Kazatomprom's group operations to date