Gas prices are four times higher than normal for this time of year, fueling inflation and hurting economies.

Brent crude futures were up 20 cents or 0.23% at $87.08 per barrel, WTI gained 6 cents or 0.07% to $81.28 per barrel.

The sweeping push to replace fossil fuel plants with clean energy is forcing US power grids to the brink of a twin crisis, making electricity unaffordable while raising the specter of more frequent blackouts, a member of the Federal Energy Regulatory Commission said.

The EU is piloting a project called ENVISION. This explores the possibilities of harvesting energy from the surfaces of buildings.

Many things about the energy transition are foolish and driven not by science, but by feelings or politics.

The Worldwide Rig Count for November was 1,890, down 3 from the 1,893 counted in October 2022,and up 346 from the 1,544 counted in November 2021.

U.S. Rig Count is unchanged from last week at 784, Canada Rig Count is up 1 from last week to 195.

According to preliminary data, Gazprom produced 376.9 billion cubic meters of gas from January through November 2022. This is a decrease of 19.4 per cent (or 90.8 billion cubic meters) versus the same period of last year.

Having deployed more than 5.6GW of solar in October, China’s cumulative additions for the first ten months of 2022 were 58.2GW, more than was installed in the whole of 2021.

Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent.

the Participating Countries reiterated their readiness to meet at any time and take immediate additional measures to address market developments and support the balance of the oil market and its stability if necessary.

The Group of Seven clinched a last-minute deal to cap the price of Russian crude at $60 per barrel.

Brent were last up 49 cents, or 0.6%, to $86.06 a barrel , WTI gained 51 cents, or 0.6%, to $80.49 a barrel.

The Indian Gas Exchange (IGX) traded a record 1,14,53,200mn Btu (about 290mn m3) gas volumes in November, up 1,359% year/year, it said on December 5. The trade volumes were up 179% month/month.

Falling global inventories of oil in early 2023 will push Brent prices back above $90/b by the beginning of the second quarter of 2023 (2Q23). The Brent crude oil spot price will average $92/b for all of 2023.

Таким образом, совокупный объем средств дополнительных нефтегазовых доходов составляет +85,9 млрд руб.

CNNC announced in July 2019 the launch of a project to construct an ACP100 reactor - also referred to as the Linglong One - at Changjiang.

Russia is traditionally among the world’s top three coal exporters, though the industry accounts for just a sliver of the Russian economy.

Russia gradually choked its gas supply to Europe through 2022, ending deliveries via Yamal-Europe and Nord Stream, and sharply cutting exports via Ukraine.

Seaborne exports of Russian crude averaged 3.07 million b/d in November, down from 3.09 million b/d in October and just below the pre-war average of 3.1 million b/d in January and February.