U.S. commercial crude oil inventories increased by 0.6 million barrels to 470.5 million barrels.

U.S. commercial crude oil inventories decreased by 3.7 million barrels to 470.0 million barrels.

Since Turkey can legitimately still import diesel-type fuel from Russia, traders can potentially bring in relatively cheap barrels to meet the country’s energy needs. At the same time, Turkey’s own production could be sold at a higher price to the EU.

Europe’s appetite for new LNG projects is pushing the continent to boost its import capacity by one-third, but the mismatch between future LNG demand and import facilities might result in 200-250 billion cubic metres (bcm) of unused capacity by 2030.

For 2023, the world oil demand growth forecast remains unchanged at 2.3 mb/d, with the OECD Americas and OECD Europe revised slightly lower, while China is revised higher, with jet/kerosene and gasoline leading demand growth.

"Every politician knows who blew up Nord Stream, but hypocritically keeps quiet," says Vucic.

Energy Infrastructure: Low-carbon heating requires technologies that ensure an efficient and secure integration into the (electrical) grid.

U.S. commercial crude oil inventories increased by 1.1 million barrels to 481.2 million barrels.

U.S. commercial crude oil inventories increased by 1.6 million barrels to 480.1 million barrels.

U.S. LNG exports will average 12.1 billion cubic feet per day (Bcf/d) in 2023, a 14% (1.5 Bcf/d) increase compared with last year. We expect LNG exports to increase by an additional 5% (0.7 Bcf/d) next year.

China has accounted for the world's largest solar capacity addition in recent years, with around 30% of installed global capacity, but most of the low-hanging fruits have been picked, and deeper penetration into the energy mix requires overhauling large parts of the power system.

Prior to the sanctions, between October 2021 and September 2022, diesel imports from Russia made up 53% of Northwest Europe’s seaborne imports.

By leveraging digital technologies like artificial intelligence, data analytics, and the Internet of Things (IoT), the Digital Green Grid can optimize energy production, distribution, and consumption in real-time, reducing waste and maximizing efficiency.

U.S. commercial crude oil inventories decreased by 1.7 million barrels to 478.5 million barrels.

The EU banned imports of Russian oil products from Feb. 5, two months after imposing restrictions on seaborne crude shipments from the country.