The ministry envisages in its baseline scenario of economic forecasts for 2025 that the average price for Brent will be at $68 per barrel, down from the $81.7 per barrel it assumed in its September forecasts,

Renewable hydrogen is also part of a broader plan and series of directives aiming at increasing the share of renewable energies in EU’s energy consumption.

Our projections indicate significant uncertainty in societal cost estimates for 2050, ranging from approximately €236/tCO₂ to €3,938/tCO₂. Consequently, direct comparisons with marginal abatement costs become difficult; for instance, even the relatively lower MAC of €1,944/tCO₂e in the “Linear Path to Net Zero” scenario aligns with societal costs only under particular discount rates and growth assumptions.

Gas plays a crucial role in the energy transition by replacing higher-carbon energy sources and as a partner to renewable energy.

The 1337 second-long plasma record came just a few weeks after China’s Experimental Advanced Superconducting Tokamak (EAST) set a previous world record by maintaining steady-state high-confinement plasma operation for 1066 seconds.

Brent rose 8 cents, or 0.12%, to $66.20 a barrel , WTI gained 9 cents, or 0.14%, to $62.36 a barrel.

Overall delivery of US LNG shipments in the first quarter of 2025 fell by 70%, according to Chinese official custom data released on Sunday.

Brent slipped $1.10, or 1.6%, to $66.86 a barrel, WTI was at $63.57 a barrel, down $1.11, or 1.7%.

The potential for a ‘rebound’ or ‘return’ of Russian pipeline gas supplies to the European market has gained significant traction in the mainstream media

Japan faces substantial challenges in managing its energy trade deficit and high end-user costs while aggressively pursuing decarbonization targets amidst geopolitical tensions. There are significant concerns about Japan's ability to meet its emissions targets, casting doubts on its broader 2050 decarbonization plans.

Meralco signed a two-year memorandum of cooperation with EDF, under which EDF will provide technical and strategic support to Meralco for a feasibility study focused on site activities, power system integration, and the economic viability of nuclear power in the energy mix.

Brent rose 55 cents, or 0.8%, to $66.40 a barrel , WTI was at $63.13 a barrel, up 66 cents, or 1.1%.

Brent eased 18 cents, or 0.3%, to $64.49 per barrel , WTI fell 16 cents, or 0.3%, to $61.17.

Its target scenario sees output of 540 million tons at the end of this decade and also by midcentury, a document published Monday showed. That’s equivalent to about 10.84 million barrels a day and is only marginally above volumes in 2023, the baseline for the paper. Shipments abroad are also expected to hold steady.

The global oil demand growth forecast for 2025 is revised down slightly to 1.3 mb/d, y-o-y. This minor adjustment is mainly due to received data for 1Q25 and the expected impact on oil demand given recently announced US tariffs.