Oil, gas and resources companies, and trading desks, are fretting about the provisions around sanctions on Russian extractive industries, financial institutions and banks, Russian leaders and businessmen, and the use of global services, such as wire transfers.

Brent futures contract was up $1.30/b (1.44%) from the previous close at $91.33/b, WTI rose $1.21/b (1.39%) at $88.03/b.

Neom, which will be built along Saudi Arabia's borders with Jordan and just across the narrow Strait of Aqaba from Egypt's Sinai Peninsula, is a linchpin of the world's largest oil exporter's plans to diversify its fossil fuels-dominated economy.

Australia’s largest planned Renewable Energy Zone (REZ) is to be built in the New South Wales (NSW) northeast with the state government announcing the New England REZ, which will deliver at least 8 GW of new network capacity, has been formally declared.

Wind generation rose as high as 14,822 megawatts, surpassing the previous record of 14,286 megawatts set in May 2021, according to data from National Grid.

In a recent twist, Berlin is no longer ruling out shelving the pipeline project. But Europe is currently facing a winter energy crunch. Prices of natural gas have skyrocketed in recent months, and stockpiles in EU countries are at a five-year low.

Ukraine, which earns more than Poland from gas transit fees, may have to look at ways to diversify its own supplies and rethink its function in the European gas system. Until it does, it will continue to depend on Russia.

China, the world's biggest greenhouse gases emitter and coal consumer, is expected to add 180 gigawatts (GW) of new power generation capacity from non-fossil fuel sources during 2022, driving total non-fossil fuel capacity to 1,300 GW, according to a report issued by the China Electricity Council (CEC) late on Thursday.

The Philippine Department of Energy has initiated a tender for 2,000 MW of renewable capacity, including 1,260 MW of solar, 380 MW of wind, 230 MW of biomass and 130 MW of hydro.

The auction for large renewable projects (>1 MW), with 3,897 MW of capacity available, attracted 108 bids totalling 1,352 MW and only 84 bids totalling 1,093 MW were admitted (28% of the available capacity).

Federal oil exports in January dropped to 3.203 million b/d from 3.277 million b/d in December, according to the ministry figures.

Already, oil prices have hit seven-year highs in recent days over the ratcheting tensions between the West and Russia over Ukraine.

Brent was down 74 cents, or 0.8%, at $88.52 a barrel , WTI slipped 83 cents, or 0.9%, to $87.32.

Растет экспорт газа в Китай по газопроводу «Сила Сибири» в рамках двустороннего долгосрочного контракта между «Газпромом» и CNPC.

Россия как сторона Парижского соглашения поддерживает курс на снижение выбросов парниковых газов глобальной мировой экономики. Исходя из существующих технологий, к 2050 году угольщики планируют на четверть снизить выбросы парниковых газов.

The National Weather Service on Feb. 1 issued winter storm warnings stretching from the Great Lakes to New Mexico and West Texas and either winter weather advisories or watches for hundreds of miles north and south of the winter storm warning areas.

Demand is expected to surpass pre-pandemic levels in the second half of the year "with a healthy recovery trend," the analysis showed, easing the market oversupply to 1.2 million b/d in the third quarter and 1.1 million b/d in the fourth.

Nord Stream 1 appeared to be returning to full capacity, according to the operator's data, with hourly gas flow nominations reaching 73 GWh since the start of Feb. 1 gas day, compared with 69 GWh/h for Jan. 31.

Brent crude rose 11 cents, or 0.1%, to $89.27 a barrel, WTI was up 14 cents, or 0.2%, at $88.34 a barrel.

The Commission said that, after taking account of scientific advice and current technological progress, it considers there is a role for private investment in gas and nuclear activities in the transition.