Brent rose 22 cents, or 0.4%, to $63.54 a barrel , WTI was at $59.71 a barrel, up 22 cents, or 0.4%.

The Organization of the Petroleum Exporting Countries and its allies, led by Russia, a group known as OPEC+, have been unwinding previously agreed oil production cuts to regain market share from rivals such as U.S. shale producers.

In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, the eight participating countries decided to implement a production adjustment of 137 thousand barrels per day from the 1.65 million barrels per day additional voluntary adjustments announced in April 2023.

BRICS countries account for almost a third of the world’s operating NPPs and more than 70% of NPPs under construction. By 2030, they will account for at least two-thirds of the global NPP fleet.

Russian-origin crude liftings from Russian ports reached 3.88 million b/d, the highest since April 2024,

The Committee also reaffirmed that it will continue to monitor adherence to the production adjustments decided upon at the 38th OPEC and non-OPEC Ministerial Meeting (ONOMM) held on 5 December 2024, and the additional voluntary production adjustments announced by some participating OPEC and non-OPEC countries as agreed upon in the 52nd JMMC held on 1 February 2024.

The MoU was signed by Rosatom CEO Alexei Likhachev and the President of the Atomic Energy Organisation of Iran Mohammad Eslami.

Uzbekistan says that it aims to have completed the design for the SMR project by the end of this year so that the "main phase of its implementation can begin in 2026".

The World Atomic Week (WAW) international forum, dedicated to the 80th anniversary of the Russian nuclear industry, which took place from 25 to 28 September at the All-Russia Exhibition Centre in Moscow, attracted more than 20,000 visitors from 118 countries.

The facility located above the Arctic circle is key for Russia’s ambition to triple LNG production by the end of the decade. While those plans were squeezed by international restrictions after the Kremlin’s invasion of Ukraine, China’s decision to take more Russian gas amid a confrontation with the US could revive those goals.