Global coal demand may well hit a new all-time high in the next two years

The EU's Copernicus Climate Change Service (C3S) said in a report on Monday that the last seven years were the world's warmest "by a clear margin" in records dating back to 1850 and the average global temperature in 2021 was 1.1-1.2C above 1850-1900 levels.

National oil company Sinopec expects Chinese natural gas demand to reach 395 Bcm in 2022, up 7% from an estimated 370 Bcm in 2021, according to its research arm, Sinopec Economics & Development Research Institute.

Brent gained 60 cents, or 0.7%, to $81.47 a barrel, WTI rose 68 cents, or 0.9%, to $78.91 a barrel.

The Worldwide Rig Count for December was 1,563, up 19 from the 1,544 counted in November 2021,and up 459 from the 1,104 counted in December 2020.

U.S. Rig Count is up 2 from last week to 588, Canada Rig Count is up 51 from last week to 141.

Brent rose 24 cents, or 0.3%, to $81.99 a barrel, WTI was up 22 cents, or 0.3%, at $79.12 a barrel.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of February 2022.

Brent fell 24 cents, or 0.3%, to $75.90 a barrel, WTI were down 97 cents, or 1.3%, at $72.82 a barrel .

The country's oil production is set to reach the pre-pandemic level by May next year, as the OPEC+ alliance continues to increase output monthly to meet rising demand.

Brent slid 41 cents, or 0.5%, to $76.44 a barrel , U.S. markets are closed on Friday for the Christmas holiday.

The front-month wholesale Dutch gas price , which is the European benchmark, eased to 140 euros per megawatt hour on Thursday, down by 15%.

The average LNG price for February delivery into Northeast Asia rose to $48.3 per metric million British thermal units (mmBtu), up $5, or 11.5% from the previous week

U.S. Rig Count is up 7 from last week to 586, Canada Rig Count is down 34 from last week to 133.

Brent was up 19 cents, or 0.3%, to $75.48 a barrel , WTI were up 5 cents, or 0.1%, at $72.81 a barrel