Supply is likely to remain curbed with Gazprom PJSC’s chief Alexey Miller warning there’s no solution for now for issues with the gas turbines essential for the functioning of the pipeline.

Gazprom's gas supplies to Bosnia and Herzegovina in the period from January 1 to June 15, 2022, increased by 55.5 per cent compared to the same period of 2021.

Despite experiencing a series of adverse shocks—higher-than-expected inflation, the ongoing supply disruptions related to COVID-19, and Russia’s invasion of Ukraine—the financial system has been resilient, though portions of the commodities markets temporarily experienced elevated levels of stress.

Just when it didn’t seem things couldn’t get worse — gasoline at $5 to $8 a gallon, supply shortages in everything from baby formula to new cars — comes the devastating news that many of us will endure electricity blackouts this summer.

Since the wind turbine capacity factors are in the 40-50% range, their annual potential output is typically half, or less, of the annual potential output of a conventional generator of the same rating plate capacity.

nuclear power plants can help make energy systems more resilient to the climate impacts expected in the future,

"We are pleased to partner with Inria and to continue investing in research for the advancement of reliable, low-carbon energy generation," said Alexis Marincic, senior executive vice president, Engineering & Design Authority, Framatome.

Updating Australia's 2030 emissions reduction target honours an election promise

U.S. Rig Count is up 7 from last week to 740, Canada Rig Count is up 15 from last week to 156.

Brent was up $1.13, or 0.9%, to $120.94 a barrel, WTI gained $1.03, or 0.9%, to $118.62.

The price of OPEC basket of thirteen crudes stood at $119.24 a barrel

Prince Abdulaziz bin Salman met Deputy Prime Minister Alexander Novak on Thursday at the St. Petersburg International Economic Forum, a flagship conference that almost all Western officials and business executives are avoiding this year following Russia’s invasion of Ukraine.

In the worst-case scenario where the Nord Stream pipeline to Germany is shut totally, Europe will fail to reach storage levels the European Union has ordered by the start of the heating season in November. And the region could run out of stocks completely by January.

Eni SpA will receive just half of its requested gas volumes from Russia’s Gazprom PJSC on Friday, compared with about two-thirds the previous day.

Asian buyers will also be competing directly with European LNG importers looking to meet an EU target of filling gas storage to 80% of capacity by Nov. 1.