Despite a strong start to the solar season in Europe, and record amounts of cheap new renewable capacity in Germany since the energy crisis, it’s natural gas that will increasingly decide how much households and factories in Europe’s biggest economy pay for electricity.

EU countries are expected to add 89 gigawatts of new renewable energy capacity in 2025, including 70GW of solar and 19GW of wind, according to Commission projections shared with Reuters. The projections are based on industry data.

The growth of renewable power generation - including wind, hydro and solar - in the global electricity mix in 2024 beat the previous year's 30% record

The IEA projects power demand from data centers to double by 2030. While renewable energy capacity is also set to increase, especially in Europe, the intermittent supplies provided by wind and solar won’t be sufficient.

China has announced the start of construction on three offshore wind projects totalling 3 GW off the coast of the Guangdong Province, southern China, namely the Fanshi-1, Qingzhou-5 and Qingzhou-7 projects.

Brent lost $2.38, or 3.79%, to $60.44 a barrel, WTI fell $2.46, or 4.13%, to $57.12.

The battery was charged and discharged 10 times, and the performance of the battery was almost unchanged, indicating relatively stable cycling characteristics.

The US, Japan and South Korea have committed to placing US LNG to bolster energy security and for mutual benefits, the countries said in a joint statement following a foreign ministerial trilateral meeting in Brussels on April 3.

Under the teaming agreement - signed in Seoul on 1 April - the cooperation between Fermi Energia and Samsung C&T will focus on key aspects of the project, including the formation of an Engineering, Procurement, and Construction (EPC) partnership, site constructability review, cost estimation, and financing strategies.

Rosatom needs to hire around 57,000 graduates of specialized universities and colleges by 2030, it added, but this level appears increasingly challenging.

The Worldwide Rig Count for March was 1,685, down 56 from the 1,741 counted in February 2025, and down 108, from the 1,793 counted in March 2024.

Brent were up 81 cents, or 1.26%, at $65.02 per barrel, WTI rose 92 cents, or 1.52%, to $61.61.

The Committee valued the additional voluntary production adjustments made by the 8 OPEC plus countries which were announced in April and November 2023 in supporting market stability.

There is also a larger nuclear-powered icebreaker under construction, the Rossiya, which will be the first of the proposed Project 10510 nuclear-powered icebreakers. It will feature two RITM-400 reactors for a propeller power of 120 MW. It will be able to penetrate ice up to 4.3 metres thick and clear a channel up to 50 metres wide. Its most recent reported construction target service date is 2030.

These primarily impact China and India, who are the largest buyers of Russian oil. Both have begun turning away Russian tankers over the past few days in anticipation of the move.