Brent were up 60 cents, or 0.8%, at $74.72 a barrel , WTI were up 69 cents, or 1%, at $73.63.

"Samsung C&T is delighted to invest in and explore global carbon-free power opportunities together with NuScale Power and Fluor Corporation, leading companies in the SMR nuclear business," Se Chul Oh, Samsung C&T’s Engineering & Construction Group president and CEO, said.

The report, Global Market Analysis of Microreactors, focuses on future global microreactor markets and the potential for microreactors, assessing their unique capabilities and potential deployment in specific global markets in the 2030-2050 timeframe.

“The Framatome team continues to evolve our fuel solutions as part of our commitment to bringing advanced, economical technologies to the industry,” said Lionel Gaiffe, senior executive vice president, Fuel Business Unit at Framatome.

China aims for renewables to account for at least 50% of its installed capacity by 2050, and energy storage would allow the country to ensure stable operation of the electric grid system.

"In our oils-to-chemicals business, we generated strong earnings through our integrated portfolio and superior product placement capabilities," said Mukesh Ambani, chairman and managing director of Reliance Industries.

После длительных консультаций страны ОПЕК+ договорились о продлении Соглашения о сотрудничестве ОПЕК+ до конца 2022 года, при этом начиная с августа этого года все страны соглашения будут ежемесячно увеличивать добычу нефти на 400 тыс. баррелей в сутки.

U.S. Rig Count is up 7 from last week to 491, Canada Rig Count is down 1 from last week to 149.

Reaching 50% renewables by the end of this decade would still remain well short of President Biden's call for 80% clean power by 2030 (assuming "clean" means "renewable" and does not include nuclear power or fossil fuels with carbon capture).

Meanwhile, as the benefits of grid digitization have failed to live up to expectations, the associated security risks have been very real.

The HyDeploy project will deliver a blend of 20% hydrogen into the natural gas supply to Winlaton, Gateshead, supplying 668 houses, a school and several small businesses, for 10 months starting in August, Northern Gas Networks said in a statement.

Brent climbed 34 cents, or 0.46%, to $74.84 a barrel , WTI rose 20 cents, or 0.28%, to $72.11 a barrel.

U.S. LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather.

Tighter U.S. natural gas supply and demand balances in recent months contributed to price increases.

Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.

U.S. commercial crude oil inventories increased by 2.1 million barrels from the previous week to 439.7 million barrels.

Historically just one of the major providers of finance to overseas coal power projects, China has more recently looked increasingly isolated as other nations and financial institutions continue to withdraw from coal.

Filipino households pay on average $0.189 (PHP9.5) per kilowatt-hour—the highest rate in Southeast Asia by far.

In 2013, Chile approved a new legal target of 20% by 2025 for the share of non-conventional renewables in the power mix (23% in 2020).

The Solar Energy Corporation of India (SECI) plans to tender a 2,000 MWh standalone energy storage system (ESS).