We expect Brent prices will remain near current levels for the rest of 2021, averaging $82/b in the fourth quarter of 2021. In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining from current levels to an annual average of $72/b.

European gas prices have remained high through October and November, in part due to lower-than-expected imports from Russia and low levels of EU storage, especially in Gazprom-owned sites such as Rehden in Germany and Haidach in Austria.

The US House of Representatives has passed a US$1,200bn infrastructure bill.

In May, the UK's Department for Business, Energy and Industrial Strategy opened the GDA process to advanced nuclear technologies, including SMRs.

UK started last year reducing its support to overseas investments in fossil fuels and totally halted assistance this year amid the clean energy transition that country has embarked on.

In April, TotalEnergies declared force majeure on the Mozambique LNG project and removed all of its staff from the site, after Islamist militants attacked the nearby town of Palma in late March, killing dozens.

Brent rose 31 cents, or 0.4%, to $83.74 a barrel, WTI advanced 36 cents, or 0.4%, to $82.29

This year, demand for petroleum, both in the United States and globally, has largely returned to the pre-pandemic levels in 2019. Demand has grown faster than supply, reducing inventories and contributing to higher prices for crude oil and petroleum products.

"About 50% of the incremental global natural gas demand will come from Asia by 2035, with China and India as the main engines to boost the development of the LNG market," Luo said.

"Even with all new Glasgow pledges for 2030, we will emit roughly twice as much in 2030 as required for 1.5°C,"

Despite a brief Covid-related output dip, US LNG exports rose 31% in 2020 to hit an all-time high of 2.4 trillion cubic feet (Tcf).

The five-day follow-up Corporate OSART mission, completed on 29 October, was carried out at the request of the Russian Government. Rosenergoatom is a subsidiary of the Russian state corporation Rosatom and currently owns and operates all 38 nuclear reactors across the Russian Federation.

The meeting marked the launch of the US-UK Strategic Energy Dialogue, a commitment made by UK Prime Minister Boris Johnson and President Joe Biden in June 2021, to deepen collaboration in areas such as clean energy technologies, industrial decarbonisation, nuclear energy, and energy security, as well as science and innovation.

Under the teaming agreement, NuScale will help Nuclearelectrica evaluate its technology, and together, the organisations will take steps toward deploying a first NuScale six-module, 462MWe, power plant in Romania as early as 2027/2028.

The UAE and the International Renewable Energy Agency (IRENA) announced the launch of the global platform on the sidelines of COP26, in Glasgow, the United Kingdom.