The JMMC reviewed the crude oil production data for the months of November and December 2024 and noted the high overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC). The improved conformity further reaffirms the DoC countries’ shared objectives of unity and cohesion.

Сергей Цивилев и Министр нефти и природного газа Индии Шри Хардип Пури обсудили сотрудничество в нефтегазовой сфере.

Unlike wind and solar, nuclear power plants and hydropower offer dispatchable energy, meaning they are able to adjust their output to meet electricity demand.

India currently has an installed nuclear capacity of 8,180 MWe, according to the Atomic Energy Regulatory Board.

KHNP said the contract enables it to diversify its sources of enriched uranium for nuclear power generation, enhancing the stability of its fuel supply.

Russia is continuing remediation of former uranium mining sites in central Asia with a new project in Tajikistan.

Brent fell 2 cents to $77.47 a barrel WTI were at $73.81 a barrel, up 4 cents, or 0.1%.

Chinese customs also reported that for the ten-month period from January to October 2024, China-Russia bilateral increased by 2.8% compared to the same period in 2023.

Moscow has been India’s top crude oil supplier. India’s oil imports from Russia in April are at around 1.72 million barrels a day, their highest since July, according to online ship-tracking data.

The incoming Trump Administration is not supportive of the UN climate objectives. It has several climate and energy policy revision priorities it intends to pursue rapidly and aggressively.

India aims to achieve 500 GW of non-fossil fuel-based energy capacity by 2030, with an intermediate target of 358 GW at the end of 2026.

The Ecuadorian Ministry of Energy and Mines has announced a US$42bn investment plan to boost oil production, natural gas and the country's energy infrastructure over the 2025-2029 period.

Brent were down 9 cents at $78.20 a barrel, WTI dipped 9 cents to $74.53.

Iran has signed a Comprehensive Strategic Partnership Agreement with Russia.

New US President Donald Trump has declared a national energy emergency, announced the country's withdrawal from the Paris Agreement, and named cabinet-level appointees including new heads of the Department of Energy and the US Nuclear Regulatory Commission.