Russia has informed the International Atomic Energy Agency (IAEA) that its military forces have taken control of the territory around Ukraine’s Zaporizhzhia Nuclear Power Plant (NPP),

Shares in oil giant Aramco touched the highest level in its history of SR43.1 ($11.5) on Wednesday, propelled by a rally in the energy market.

U.S. commercial crude oil inventories decreased by 2.6 million barrels from the previous week to 413.4 million barrels.

Engie said it would comply with any European sanctions that could potentially affect Russian gas supplies to Europe, but warned of the major impact such a move would have on the market.

Brent was up $2.18, or 1.9%, at $115.11 a barrel, WTI hit a high of $116.57.

С удовлетворением констатировано, что страны – участницы «ОПЕК плюс» последовательно выполняют взятые на себя обязательства, способствуя обеспечению стабильности на мировом нефтяном рынке. Россия и Саудовская Аравия будут и впредь координировать свои подходы в рамках этого формата.

The executive order mandates the Department of Energy (DOE) to develop and implement the Nuclear Energy Programme as part of the Philippine Energy Plan,

The proposed measures are fully consistent with the EU's European Green Deal and Fit for 55, and pave the way for further emissions reductions in the years to come, the IEA said.

ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian and Russian companies.

he initial release of 60 mbl accounts for 4% of those stockpiles (1.5 Gbl) and would represent 2 mbl/d for 30 days

The Northeast Asia thermal coal price assessment 5,750 NAR rose $28.23 on the session to $248.63/mt.

Brent rose at $111.19, WTI rose $1.21, or 1.1%, to $108.88.

Combined, solar and wind grew by 15.96% and accounted for more than one-eighth (13.05%) of U.S. electrical generation (wind - 9.12%, solar - 3.93%).

Russian hackers, which are often linked to the state, are believed responsible for the Colonial Pipeline hack last spring that sent the eastern U.S. into a fuel frenzy.

But events in Europe may cause a rethink about natural gas, both as a transition fuel in the United States and a foreign policy tool.

U.S. Rig Count is unchanged from last week at 650, Canada Rig Count is down 7 from last week to 217.

The Worldwide Rig Count for February was 1,669, up 37 from the 1,632 counted in January 2022,and up 399 from the 1,270 counted in February 2021.

The Brent price will average $117/b in March, $116/b in 2Q22, and $102/b in the second half of 2022 (2H22). We expect the average price to fall to $89/b in 2023.

On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.

Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.