President Joe Biden believes the pipeline is a "bad deal" for Europe, his spokeswoman Jen Psaki has said, and many U.S. lawmakers are pushing for sanctions.

U.S. industrial production increased 0.9 percent in January.

Oil demand to reach 102.6 million b/d by the fourth quarter of this year, the highest since Q4 2019 when it averaged 103.9 million b/d.

The NSE Nifty 50 index was up 0.77% at 14,820.45 by 0450 GMT, while the S&P BSE Sensex gained 0.63% to 50,061.21.

Despite U.S. sanctions against the pipeline, Berlin has stood by Nord Stream 2, which it says is a commercial project.

Brent fell 35 cents, or 0.5%, to $65.02 a barrel. WTI were down 56 cents or 0.9% at $61.11 a barrel.

Наращивается и наш потенциал на рынке СПГ – к 2035 году мы намерены нарастить производство с текущих 29 млн до 120–140 млн т СПГ в год.

Ukraine's electricity grid needs the construction of new nuclear power units, Yuriy Boyko, the country's deputy energy minister said last week.

There had been calls for the Biden administration to intensify sanctions designations to include a wide range of companies involved in the construction of Nord Stream 2, including service companies, insurers and certification companies.

The EU will provide nearly Eur10 billion of funding that the partners will match with at least an equivalent amount of investment, the EC said in a statement.

"At the end of the day our customers want reliable energy. For us natural gas is the complement to renewable energy — there is no way to think of a reliable system without having a flexible way to produce electricity. Gas is offering this flexibility,"

Economic losses from more frequent climate-related extreme weather are increasing. In the EU, these losses alone already average over €12 billion per year.

Iraq’s oil exports from its southern ports are stable at 2.7 million barrels per day (bpd) so far in February

The unusually cold temperatures caused life-threatening blackouts that left millions of Texans without power for days. And although residents of that state suffered the brunt of the energy crisis, the repercussions spread across the country.

U.S. commercial crude oil inventories increased by 1.3 million barrels to 463.0 million barrels.

The SPA stipulates the cumulative supply of more than three (3) million tons of LNG for a term of 15 years and will be delivered to LNG terminals in China on DES basis.

Brent gained 37 cents, 0.6%, to $67.41 a barrel. WTI was at $63.54 a barrel, up 32 cents, 0.5%.

Santos notes the announcement from S&P Global Ratings (S&P) reaffirming Santos’ BBB- credit rating with stable outlook.

China had the highest gain in coal imports from the U.S. among the top destinations in the fourth quarter of 2020. The Asian country imported 1.0 Mt of coal from the U.S. during the period, a 251.8% increase year over year and a 748.2% jump quarter over quarter.

The Board of Directors reviewed the issue of electing the Chairman of the Gazprom Management Committee and unanimously resolved to reelect Alexey Miller as Chairman of the Management Committee for a 5-year term starting from May 31, 2021.