The Worldwide Rig Count for May was 1,262, up 73 from the 1,189 counted in April 2021

Brent fell 35 cents, or 0.5%, to $71.54 a barrel , WTI reversed course to trade at $69.22, down 40 cents or 0.6%.

Today, nuclear energy plays a critical role in the fight against climate change.

The measures starting 2022 were needed to deliver on a new 2030 climate law draft

S Korea's LNG demand has been on the rise on hopes of a postpandemic economic recovery as well as the shutdown of a few nuclear reactors.

U.S. Rig Count is down 1 from last week to 456 , Canada Rig Count is up 15 from last week to 77.

Brent rose 33 cents, or 0.5%, to $71.64 a barrel , WTI was up 22 cents, or 0.3%, at $69.03.

In 2021, annual global energy investment is set to rise to USD 1.9 trillion, rebounding nearly 10% from 2020 and bringing the total volume of investment back towards pre-crisis levels. However, the composition has shifted towards power and end-use sectors – and away from traditional fuel production.

Nuclear has a reliability factor of 80-90% (with many plants above 90%), compared with wind at 30-40% and solar at 10-25%.

"Japanese refiners will buy Iranian crude. Iranian crude is impossible to replace by other grades and are unique,"

North Macedonia has unveiled an €8.2bn investment plan for the 2021-2027 period, including €3.1bn for the energy sector.

Located in the Northern Cape province, the projects, which would require a US$1bn investment, include a 225 MW/1,140 MWh battery storage.

U.S. commercial crude oil inventories decreased by 5.1 million barrels from the previous week to 479.3 million barrels.

Brent settled up 93 cents, or 1.3%, to $70.25 a barrel , WTI was up $1.40, or 2.1%, to $67.72.

Overall conformity to the production adjustments was 114% in April (including Mexico), ... to gradually return 2 million barrels a day (mb/d) of the adjustments to the market, with the pace being determined according to market conditions.