Next generation AI solutions are quickly making their way from the test labs into utilities. These new tools will make it simpler for mobile service teams and remote employees to complete their work, boosting productivity and improving energy company efficiency.

Brent fell 37 cents, or 0.5%, to $80.21 a barrel, WTI were at $75.18 a barrel, down 36 cents, or 0.5%.

France aims to reduce its final energy consumption by 30% in 2030 to 104 Mtoe (from around 143 Mtoe in 2022, according to first estimates), compared to 2012, and to reach a primary energy consumption of 157 Mtoe in 2030 (from 212 Mtoe in 2022).

Brent were down $1.04, or 1.3%, at $80.92 a barrel, WTI dipped 90 cents, or 1.2%, to $76.20.

"На мой взгляд, цены на нефть сегодня объективно отражают существующую картину, они на достаточно хорошем уровне. Соответственно, рынок сбалансирован. Мы все эти вопросы подробно будем обсуждать на встрече (ОПЕК+ — ред.)", — сказал Новак.

Russia is expected to reduce both oil and natural gas production this year, according to Deputy Prime Minister Alexander Novak. Oil is projected to fall by 8 million tons to 527 million tons, compared to 535 million tons last year, he said.

China, which has been promoting the yuan’s use in transactions with major energy and commodity exporters, is Saudi Arabia’s biggest trade partner.

If officials conclude that the court judgment broadly applies to most of Germany’s off-budget funds, as expected, Finance Minister Christian Lindner will have to retroactively account for at least €30 billion of new debt in a revised program for 2023,

Not only was September the hottest month ever, it also exceeded the previous record by an unprecedented 0.5°C, with global average temperatures at 1.8°C above pre-industrial levels.

Sri Lanka's 2020 production of 15.6 TWh of electricity was dominated by fossil fuels, which accounted for some 10 TWh, and hydro (5 TWh) alongside some wind and solar,

Brent rose 11 cents, or 0.1%, to $82.56 a barrel, WTI rose 14 cents, or 0.2%, to $77.91.

The world oil demand growth forecast for 2023 is revised up marginally from the previous month’s assessment to 2.5 mb/d.

The agreement was signed by US Secretary of State Antony Blinken and Philippine Department of Energy Secretary Raphael Lotilla on the sidelines of the 30th Asia-Pacific Economic Cooperation Leaders' Summit in San Francisco. The signing was witnessed by Philippine President Ferdinand Marcos.

The agreement also said necessary regulations should be developed to create the conditions for the construction and operation of small modular reactors (SMRs) in Sweden. In addition, the permitting process for nuclear power plants must be shortened.

Blockchain's ability to enable peer-to-peer (P2P) transactions and operate a decentralized marketplace can facilitate consumers to be the producers of energy.