Our benchmark BRENT has slipped in further escalating talks of SPR replenishment vis a vis supply conversations amidst the Chinese Data and US PMI data.We are at the confluence of both head and tail winds friends.

Brent were down 37 cents, or 0.48%, to $77.15 a barrel. WTI was 28 cents up from its Friday close of $73.55.

Global gas demand sustained its growth in 2023, increasing 59 Bcm (1.5%) from 2022. This trend is expected to continue in 2024 with a further estimated ~87 Bcm (2.1%) rise in demand.

Finance Minister Nirmala Sitharaman, in her July Union budget announced that the Centre would partner with the private sector to establish Bharat Small Reactors and for research and development of SMRs.

Led by Saudi Arabia and Russia, the Organization of Petroleum Exporting Countries and its allies are due to add 180,000 barrels a day as they gradually restore output that’s been halted since 2022.

Юго-Восточная часть ОЭС Сибири демонстрирует высокие темпы роста потребления электроэнергии в разных отраслях экономики относительно единой энергосистемы России.

Brent were up 25 cents, or 0.31%, at $79.80 a barrel, WTI rose 17 cents, or 0.23%, to trade at $75.70.

По данным российской статистики, в первом полугодии 2024 года двусторонний товарооборот увеличился на 4,8% и составил 113 млрд долларов.

From 2019 to 2023, the number of new reactors approved in China was six, four, five, 10 and 10 respectively, "showing an overall positive, safe and orderly development momentum", state-run China Energy News reported.

In 2023, nuclear power generation increased by 2% despite a slight decrease in total installed capacity.

Implementation of the New General Scheme (Novoi Genskhemi) for the placement of generating capacities will support economic growth in the Urals, the Far East and Siberia, Rosatom said in a statement.

The nation added 25 gigawatts of turbines and panels in July, expanding total capacity to 1,206 gigawatts, according to a statement from the National Energy Administration on Friday. Xi set a goal in December 2020 for at least 1,200 gigawatts from the clean energy sources by 2030.

According to World Nuclear Association, exploration in the 1970s and 1980s showed that Brazil has reasonably assured resources of 210,000 tonnes of uranium. However, there has been little investment in exploration since the mid-1980s.

Brent were 3 cents up to $76.08 a barrel, WTI fell 5 cents to trade at $71.88.

Demand for natural gas will remain strong despite government and company efforts to zero out emissions by mid-century,