Dutch front-month gas futures, a European benchmark, were 5% lower at €128 a megawatt-hour at 8:40 a.m. in Amsterdam.

OPEC is also in protection of the $80/bbl price floor and I'd suggest to get the buys in at mid 75s to low 72s on the #CL being a value trader coming into 2023.

According to preliminary data, Gazprom produced 394.1 billion cubic meters of gas from January 1 through December 15, 2022. This is a decrease of 19.6 per cent (or 96.3 billion cubic meters) versus the same period of last year.

U.S. commercial crude oil inventories increased by 10.2 million barrels to 424.1 million barrels.

The Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent.

Brent dropped 17 cents, or 0.2%, to $80.51 per barrel, WTI fell 3 cents to $75.36.

The present installed nuclear power capacity comprises of 22 reactors with a total capacity of 6780MWe. In addition, one reactor, KAPP-3 (700MWe) has recently been connected to the grid.

This is Rosatom’s first long-term contract with Brazil for the supply of enriched uranium products in the history opening access to the largest market for uranium products in the Latin American region.

NIF scientists readily acknowledge that the facility was not designed with commercial fusion energy in mind—and many researchers doubt that laser-driven fusion will be the approach that ultimately yields fusion energy.

The programs, funded with $3.7 billion from President Biden’s Bipartisan Infrastructure Law, will help accelerate private-sector investment, spur advancements in monitoring and reporting practices for carbon management technologies, and provide grants to state and local governments to procure and use products developed from captured carbon emissions.

Brent rose $1.33, or 1.7%, to $79.32 per barrel, WTI gained $1.15, or 1.6%, to $74.32.

Export loadings of Russian crude averaged 3.02 million b/d in the week ending Dec. 11, little changed from the week before and in line with the November average of 3.07 million b/d

Despite Russia slashing gas deliveries this year, Europe has averted a severe shortage and started the winter with brimming gas storage tanks

Countries led by Germany, the Netherlands and Denmark are calling for a cautious approach, while a group including Belgium, Italy, Greece and Poland is pushing for a more aggressive tool to contain gas prices.

The U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan.