Preliminary production figures for February 2023 show an average daily production of 1 994 000 barrels of oil, NGL and condensate.

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

Germany suffered the most among EU member states from the Russian supply curtailments, with a number of buyers forced to buy expensive gas on the open market to make up for the Russian shortfall.

Brent slid 48 cents, or 0.6%, to $75.43 a barrel, WTI dropped 52 cents, or 0.7%, to $69.44 a barrel.

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.

The key is reliable and independent data flows and communications between smart meters and the whole interconnected world of the smart electric utility of the future.

Banking crisis seems to be a regulatory issue not a monetary policy issue. Dollar may get a leg up higher soon despite the fluid situation. Natural credit tightening by banks being a factor to consider, also remembering the Core PCE Data during the week.

Two camps, one led by Germany and the other by France, are fighting it out, each with a blocking minority on a specific point: Should low-carbon hydrogen be taken into account when measuring the efforts of member states to reach the target of 45% of renewables in their energy mix by 2030?

Both sides expressed satisfaction with the positive dynamic of trade and economic relations, the successful implementation of joint strategic power engineering projects, including gas supplies, and the construction of the Akkuyu Nuclear Power Plant in Türkiye.

"Венгрия остаётся, по сути, единственной из стран Евросоюза, твёрдо отстаивающей свои национальные интересы, включая суверенную позицию в диалоге с Москвой", – отметил Александр Новак.

A cumulative USD 150 trillion is required to realise the 1.5°C target by 2050, averaging over USD 5 trillion in annual terms.

Canada and the USA will “coordinate efforts to develop secure and reliable North American nuclear fuel supply chains and build broader partnerships with longstanding allies and partners, both of which will help to ensure access to low enriched uranium, including High-Assay Low Enriched Uranium”.

The stricter guidelines come as the outlook darkens for limiting global temperature increases to around 1.5C, with a lack of financing for greener projects a key hurdle.

The EU says its sanctions are meant to cut Moscow revenues and access to technology used in war.

Brent were down 19 cents, or -0.24%, at $79.08 a barrel, WTI fell by 1 cent, or -0.01%, to $74.36.

Green Hydrogen is a key energy vector that can assist Europe reach climate change targets as it enables massive decarbonization of industry heat, power generation and transport sectors.

Offshore wind is rapidly growing around the world, becoming a central part of international decarbonization and a vital part of coastal economies, and the domestic potential to harness offshore wind is now emerging.

Делегаты встречи подтвердили приверженность решению альянса от 5 октября 2022 года по ограничению добычи нефти на 2 млн баррелей в сутки (к уровню августа 2022 года) до конца 2023 года, а также призвали все страны-участницы добиться полного соответствия условиям соглашения и придерживаться компенсационного механизма.

This will bring the total additional voluntary production adjustments by the above-mentioned countries to 1.66 million b/d.

There is sufficient energy in nuclear 'waste' to run Europe at current electrical power consumption" for between 600 and 1000 years.