The OECD's growth forecast for Russia has been significantly revised upward—from 1.8% to 2.6% for this year, placing it sixth globally.

China and France are two of the world's biggest generators of nuclear energy, with both having large-scale plans to expand capacity in the coming years.

ADIPEC 2024 will be held in Abu Dhabi from 4-7 November 2024, with a renewed commitment to advancing tangible action across the entire energy value chain, accelerating decarbonisation and advancing the global energy transformation.

Brent inched 4 cents higher to $83.40 a barrel, WTI rose 5 cents to $79.17 a barrel.

Total Russian seaborne crude exports reached 3.9 million-4 million b/d in March and April, boosted by multi-month high shipments to India, and around the highest since Russia invaded Ukraine in February 2022.

Russia has started developing a nuclear power plant for its planned joint lunar station with China, the RIA news agency cited Yuri Borisov, the head of Russia's space agency Roscosmos, as saying on Wednesday.

As digital technologies evolve, so too does their appetite for energy. This correlation is particularly evident in the realm of data centers, which are increasingly burdened by the demands of artificial intelligence (AI).

Australia's total coking coal exports are expected to increase by 14% from 2023 levels to 171.9 million mt in 2025,

Even as China has dramatically ramped up wind and solar in recent years, its power demand, including from electric vehicles, continues to outpace new supply, creating an ever greater need for fossil fuels.

The transition would also require the electricity sector to invest between $8 – 80 trillion per year over the period in electricity storage facilities, depending on the ultimate cost of electricity storage infrastructure.

According to its 2023 annual report to the US Securities & Exchange Commission, Russia’s Tenex is Centrus’s largest supplier of SWU, followed by French company Orano. Centrus has commitments with Tenex for the supply of Russian enrichment services (in the form of SWU) to 2028.

Brent fell 30 cents, or 0.36%, to $82.86 a barrel, WTI fell 25 cents, or 0.32%, to $78.13 a barrel.

Proceeds for the Russian budget from oil-related taxes jumped to 1.053 trillion rubles ($11.5 billion) last month compared to nearly 497 billion rubles in April 2023, according to Bloomberg calculations based on Finance Ministry data. Total oil and gas revenues in April increased nearly 90% year-on-year, to 1.23 trillion rubles, according to the data.

The lawmakers said exempting EDF from U.S. sanctions would allow it to purchase a subsidiary of a U.S. company that had been engaged in nuclear power projects with Rosatom in Hungary, Turkey and Egypt, projects that have been suspended for years due to sanctions.

The US Senate April 30 approved legislation aimed at banning imports of Russian low-enriched uranium that is produced in Russia or by a Russian entity.