The pan-European STOXX 600 index edged 0.3% lower, trading below a one-year peak after a cautious session in Asian markets.

Brent fell 66 cents, or 1%, to $67.73 a barrel. WTI dropped 42 cents, or 0.7%, to $64.38.

The consortium behind Nord Stream 2 has pushed ahead with construction despite growing political pressure.

Spanish utility group Iberdrola SA (BME:IBE) has signed a joint-venture (JV) agreement with Cosmo Eco Power Co Ltd, a subsidiary of Cosmo Energy Holdings Co Ltd (TYO:5021), and Hitachi Zosen Corp (TYO:7004) to co-develop the 600-MW Seihoku-oki offshore wind project in Japan.

The UAE was India's third-largest supplier of crude in 2020, behind Iraq and Saudi Arabia, with volumes of 21.35 million mt and an 11% market share,

Iraq's oil minister and a Total delegation also discussed potential development of solar power projects in the country's central and southern provinces. The two sides also discussed Total's potential support and financing of oil infrastructure projects.

The UK's Industrial Decarbonization Strategy sets out how the UK can develop a thriving industrial sector aligned with a net-zero emissions target without pushing emissions and business abroad.

The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent

Gas distribution and the operation of gas pipelines will switch from a concession regime to a regime of authorizations granted by the oil and gas regulator ANP.

Turkey aims to produce 50% of its electricity from renewables by 2023 (up from 44% in 2019). Solar accounts for around 7% of Turkey’s installed capacity, with 6 GW at the end of 2019.

India aims to achieve 175 GW of renewable capacity (excluding large hydropower) by 2022.

The blue-chip CSI300 index rose 0.8%, to 5,141.77, while the Shanghai Composite Index gained 0.5% to 3,463.07.

The British company, whose businesses supply gas and electricity to millions of customers, said the deals would increase the proportion of its assets in electricity to 70% from 60%.

The Teesside plant in northern England will have capacity of up to 1 gigawatt (GW) of so-called blue hydrogen, about a fifth of Britain’s target of 5 GW of hydrogen capacity by the end of the decade.

Brent was down 74 cents, or 1.1%, at $67.26 a barrel. WTI was also down 65 cents, or 1%, at $63.95 a barrel.

According to the study, a 300 MWe grid-scale SMR built in Ontario and operated for 60 years would create direct and related employment including nearly 700 jobs during project development, over 1600 jobs during manufacturing and construction, over 200 jobs during operations, and about 160 jobs during decommissioning.

U.S. commercial crude oil inventories increased by 2.4 million barrels to 500.8 million barrels.

Westinghouse's work on the offer is financed by the US Trade and Development Agency. The works are to cost $10 million.

A tritium breeding blanket is a core component for future fusion reactors to realise tritium breeding self-sufficiency and electricity generation

At the same time, hydrogen is a secondary energy source, i.e. additional energy is required to produce it, which has an effect on its cost price.