India's coal based generation accounted for 69.9% of the country's overall electricity generation of 1,490.277 billion units in fiscal year 2021-22 (April-March), a growth of 9.5% from a year ago.

The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced an additional Notice of Sale of up to 20 million additional barrels of crude oil from the Strategic Petroleum Reserve (SPR).

In 2021, owners and operators of commercial nuclear power reactors bought 46.7 million pounds (lb) U3O8 equivalent (U3O8e) at an average price of $33.91/lb U3O8e.

In June, Last Energy signed an agreement with Polish state-owned energy company Enea SA to cooperate on the deployment of SMRs, potentially in Poland.

For the first five months of 2022, solar, wind, and other renewable energy sources provided 25.7% of U.S. electricity – more than either coal or nuclear power and up from 22.9% a year earlier.

The Committee decided to raise the target range for the federal funds rate to 2-1/4 to 2-1/2 percent and anticipates that ongoing increases in the target range will be appropriate.

U.S. commercial crude oil inventories decreased by 4.5 million barrels to 422.1 million barrels.

U.S. Rig Count is up 9 from last week to 767, Canada Rig Count is up 9 from last week to 204.

Brent rose $1.66, or 1.6%, to $106.81 a barrel, WTI increased $1.47, or 1.5%, to $98.17 a barrel.

The price of OPEC basket of thirteen crudes stood at $107.66 a barrel

Gas prices jumped more than 10% following Gazprom’s decision to reduce Nord Stream flows even further. Moscow has been curbing shipments to the EU for months over apparent retaliation for the bloc’s support for Ukraine and sanctions over Russia’s invasion.

Natural gas flows from Russia to Germany via the Nord Stream pipeline will fall to 33 million cu m/d at 0700 Moscow time (0500 BST) due to the cessation of operations on another Siemens gas turbine at Portovaya

The company boosted coal production by 6.2% to 300 million tons and increased sales to 390 million tons.

Most U.S. LNG exports went to the EU and the UK during the first five months of this year, accounting for 71%, or 8.2 Bcf/d, of the total U.S. LNG exports

As technology evolves faster than ever, we become more and more reliant on a new cohort of minerals. We are moving to a world powered by critical minerals: we need lithium, cobalt and graphite to make batteries for electric cars; silicon and tin for our electronics; rare earth elements for electric cars and wind turbines.