World oil demand is kept unchanged compared to last month’s assessment, showing a growth of 5.7 mb/d in 2021.

Brent dropped 24 cents, or 0.32%, to $74.15 a barrel, WTI declined by 27 cents, or 0.38%, to $71.02.

Globally, renewable electricity capacity is forecast to increase by over 60% between 2020 and 2026, reaching more than 4 800 GW.

Derivatives linked to TTF, Europe’s wholesale gas price, soared as high as €131 per megawatt hour

Front-month gas futures fell 4.7 cents, or 1.2%, to settle at $3.747 per million British thermal units (mmBtu), their lowest close since Dec. 7.

The Dec. 12 LNG stocks were well above 1.42 million mt held at the end of December last year, as well as the four-year average of 1.71 million mt at the end of that month, according to METI data.

В частности, в ноябре-декабре согласно взаимовыгодным договоренностям «Газпрома» и CNPC объем суточного экспорта в Китай существенно увеличен относительно ранее утвержденного графика на 2021 год.

It is unusual for European LNG prices to surpass spot LNG prices in Asia, which relies on LNG imports much more than Europe, and especially in peak winter when demand from Japan, South Korea, China and Taiwan is at its highest, supporting the typical Asian premium.

Brent fell 91 cents, or 1.2%, to $72.79 a barrel, WTI fell $1.05, or 1.5%, to $69.68 a barrel.

The United Arab Emirates (UAE) is a global pioneer in innovation and a regional leader in using nuclear energy to meet its sustainable energy and climate action ambitions

The Netherlands' new coalition government has placed nuclear power at the heart of its climate and energy policy. Some EUR500 million (USD564 million) has been earmarked to support new nuclear build in the period to 2025.

Constructing nuclear power plants in Poland was "a good way of fighting climate change" agreed 78% of people, with only 17% in disagreement.

Specifically, the commission proposed to align the rules for the energy performance of buildings with the European Green Deal and decarbonise the EU's building stock by 2050.

The programme includes €6.9bn of state funding, and €9.5bn of private investments.

The country will allocate DKK16bn (€2.2bn) towards carbon capture and storage subsidies in two phases over the coming decade, starting in 2022.

The Belgian government released its hydrogen strategy in October and Equinor said the H2BE project would help Belgium deliver on the strategy.

Under the agreement, BP will provide SPIC Guangdong Co. with pipeline gas sourced from the LNG receiving terminal of Guangdong Dapeng Liquefied Natural Gas Co.

Brent rose by 62 cents, or 0.8%, to $74.50 a barrel, WTI gained by 65 cents, or 0.9%, to $71.52.

U.S. commercial crude oil inventories decreased by 4.6 million barrels from the previous week to 428.3 million barrels.

China’s LNG imports have grown steadily every year since 2006 (when China began importing LNG), except in 2015. In 2017, China became the world’s second-largest LNG importer, surpassing South Korea.