February 2025

OPEC welcomes the decision approved today by the National Energy Council of the Federative Republic of Brazil (CNPE) that formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation (CoC) between oil producing countries.

Adopted on Tuesday by the cabinet, the 7th Basic Energy Plan calls for nuclear electricity generation to increase from 8.5% in fiscal 2023 to about 20% in fiscal 2040.

Under nuclear phase-out plans, agreed in 2019, four of its seven reactors are scheduled to close by the end of 2030, and the other three by 2035.

India is forging ahead with its ambitious target of achieving 500 GW of renewable energy capacity by 2030, as reaffirmed by industry leaders at the recently concluded India Energy Week 2025.

The electric industry today is facing unique and unprecedented challenges. A changing generation mix, more frequent “100-year” storms, and tremendous load growth are all changing the way utilities need to plan the electric system.

The energy and utilities sector is undergoing a profound transformation driven by the need for greater efficiency, sustainability, and resilience in response to evolving consumer demands and global climate objectives.

Brent were down 68 cents, or 0.9%, at $74.50 a barrel, WTI dropped 65 cents, or 0.9%, to $70.72.

Россия не откажется от своих соглашений с дружественными странами.

Весной 2025 года в Москве запланировано 18-е заседание Межправительственной комиссии, которое продолжит укреплять торгово-экономическое партнёрство между Россией и Ираном.

Global Energy Complex is still on positive gyrations with twists and turns within the ebbs and flows,Global Oil maintaining the low 70s support zone with jitters of breaks when you look at historical inventories data.