A virtual power plant (VPP) is one that connects a network of distributed energy resources (DERs) together using cloud-based control software to enable effective power generation and distribution.

Brent fell 13 cents, or 0.3%, to $40.18 a barrel, WTI declined 23 cents, or 0.6%, to $37.78 a barrel.

U.S. commercial crude oil inventories increased by 1.4 million barrels from the previous week to 540.7 million barrels

Brent slipped 47 cents, or 1.1%, to $42.16 a barrel, WTI fell 59 cents, or 1.5%, to $39.78 a barrel.

Sentyurin met with his OPEC counterpart Mohammed Barkindo by teleconference June 22 for the inaugural technical meeting of the OPEC-GECF Energy Dialogue.

Brent rose 49 cents, or 1.1%, to $43.57 a barrel, WTI was up 48 cents, or 1.2%, at $41.21 a barrel

"Saudi Arabian Chevron (SAC) and its partner, Kuwait Gulf Oil Co., continue to prepare its operations at the Wafra field,"

Brent rose 10 cents, or 0.2%, to $42.29 a barrel, WTI was at $39.87 a barrel, up 4 cents, or 0.1%.

U.S. Rig Count is down 13 rigs from last week to 266, Canada Rig Count is down 4 rigs from last week to 17

Brent rose 61 cents, or 1.5%, to $42.12 a barrel, WTI climbed 60 cents, or 1.5%, to $39.44 a barrel.

Brent were up 2 cents at $40.73 a barrel, WTI dropped 14 cents to $37.82 a barrel.

World oil demand is projected to decrease by 9.1 mb/d in 2020, unchanged from the previous month’s assessment. The COVID-19 pandemic has negatively affected global economic activities, eliminating global oil demand growth potential and leading to a y-o-y decline of 6.4 mb/d in 1Q20 and by 17.3 mb/d y-o-y in 2Q20.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week. At 539.3 million barrels, U.S. crude oil inventories are about 15% above the five year average for this time of year.

Brent was up 29 cents, or 0.7%, at $41.25 a barrel, WTI rose 17 cents, or 0.4%, to $38.55 a barrel.

Saudi Arabia exported nearly 11 million barrels of oil per day, a record, and the US about 8.6 million barrels.