Adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries in the DoC to 40.46 mb/d, starting 1 January 2024 until 31 December 2024, which is to be distributed as per the attached table.

«Реализация поставленной Президентом задачи по достижению углеродной нейтральности к 2060 году невозможна без сбалансированного развития всех видов генерации, которое, в свою очередь, позволяет избежать дефицита мощности, ценовых скачков, оптимально использовать местные энергетические ресурсы», – подчеркнул Андрей Максимов.

The Brent crude oil spot price will average $79 per barrel (b) in the second half of 2023 (2H23) and $84/b in 2024.

The kingdom’s energy minister Prince Abdulaziz bin Salman, Opec’s de facto leader, made the move as part of a deal in which several weaker African members will have quotas reduced from next year.

As the energy transition/energy addition continues, many changes are occurring that will impact the performance of grid reliability.

These incentives represent the largest climate investment in U.S. history and aim to reduce emissions by approximately 40% by 2030.

The U.S. Department of Energy (DOE) announced $46 million in funding to eight companies advancing designs and research and development for fusion power plants,

Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета прогнозируется в июне 2023 года в размере -44,0 млрд руб.

The Department of Energy (DOE) announced today that it will purchase up to 3 million barrels of oil for the Strategic Petroleum Reserve (SPR)

U.S. commercial crude oil inventories decreased by 0.5 million barrels to 459.2 million barrels.

The Worldwide Rig Count for May was 1,783, down 25 from the 1,808 counted in April 2023, and up 155, from the 1,628 counted in May 2022.

Brent rose 34 cents, or 0.46% to $74.62 a barrel, WTI rose 30 cents, or 0.43%, to $70.40.

“Over the next 10 years there will be around a dozen units, which will need to be decommissioned. These are RBMK units. Some of them may have their operating loves slightly extended, but the vast majority will have to be decommissioned, as they say, in real time. Therefore, we need to build 17 units by 2035." Likhachev said

Last fall, when the Institute for Energy Economics and Financial Analysis looked into the world’s 13 “flagship, large-scale” CCS projects, representing about 55% of global carbon capture capacity, it found that seven of the 13 projects underperformed, two failed outright, and one had to be mothballed.

Wind and solar need to be backed up, close to 100 per cent, by some other means of power generation. If that backup is provided by open-cycle gas or worse, coal, net zero will never be achieved: nor anything very close to it.