U.S. Rig Count is up 2 from last week to 784, Canada Rig Count is down 7 from last week to 194.

Brent dropped 15 cents, or 0.2%, to $88.21 a barrel, WTI lost 9 cents, or 0.1%, to $80.86 a barrel.

Exceptionally mild weather across Northwest Europe since October has led to a sharp drop in gas prices from record levels over the summer.

This agreement is the second LNG SPA between QatarEnergy and Sinopec, following the 10-year SPA signed in March 2021 for the supply of 2 Mt/year (2.8 bcm/year) to China.

As the nation’s largest source of carbon-free power, America’s current fleet of nuclear reactors is a vital resource for achieving the President’s goal of 100% clean electricity by 2035 and a net-zero emissions economy by 2050.

Electricity generation in Kyrgyzstan is mainly from hydro (over 90%). The country has no nuclear power, but in January 2022 signed a memorandum of cooperation with Rosatom on the construction of small nuclear power plants based on the RITM-200N.

Preliminary production figures for October 2022 show an average daily production of 1 950 000 barrels of oil, NGL and condensate.

Brent had slipped 74 cents, or 0.8%, to $86.88 a barrel, WTI were at $79.40 a barrel, down 68 cents or 0.9%.

Oil imports from Russia rose 16% to 7.72 million tons last month, a volume topped only by Saudi Arabia, according to Chinese customs data.

They focused on prospects for implementing the initiative to create a major gas hub in Turkiye. The President of Russia voiced this initiative in October, and Recep Tayyip Erdogan supported it.

They reaffirmed mutual interest in continuing close coordination in the energy sector to ensure the necessary balance and stability in the global gas market, among other things.

Independent estimates indicate that the U.S. needs to expand electricity transmission systems by 60% by 2030 and may need to triple current capacity by 2050 to accommodate the country’s rapidly increasing supply of cheaper, cleaner energy and meet increasing power demand for electric vehicles and electric home heating and reduce power outages from severe weather.

Comparing a Solar Variable Renewable Energy Farm to an On-Demand Base Load Coal Fired Power Station is like saying you can use tomato sauce to replace vegetables.

Historically in the U.S., transmission infrastructure has expanded annually by about 1%. The study explains the country's transmission infrastructure must expand at a pace of 2.3% annually — more than double its current pace.

U.S. Rig Count is up 3 from last week to 782, Canada Rig Count is up 1 from last week to 201.