Saudi Arabia and Türkiye have signed a strategic agreement to develop large-scale renewable energy power plant projects in Türkiye.

The Republic of Korea (ROK) is increasing its diplomatic efforts to address US President Donald Trump’s recent threat to raise tariffs on South Korean automobiles, lumber and pharmaceuticals – as well as country-specific tariffs – from 15% to 25%

Britain is seeking to largely decarbonise its power sector by 2030, which will require a big increase in renewable capacity.

The government has also proposed that SEK20 million (USD2.2 million) will be allocated annually until 2030 by the Swedish Environmental Protection Agency to municipalities that want to conduct feasibility studies for new nuclear power.

Data mining—the process of discovering patterns, correlations, and actionable insights from large datasets—has emerged as a critical enabler for operational efficiency, cost reduction, reliability, and informed decision-making in the energy industry.

Brent fell $1.44, or 2.07%, to $68.02, WTI fell $1.34 cents, or also 2.06%, to trade at $63.80.

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 1 February 2026, to review global market conditions and outlook.

Indian stocks and the rupee rallied on Trump’s remarks on Tuesday, but halting Russian oil purchases in particular would be a major concession for the Modi government, which has repeatedly insisted that buying crude wherever it wants is a matter of “strategic autonomy”.

The decline was due to lower crude prices and a stronger rouble. Oil and gas revenues are crucial for Russia's state budget, which ran a deficit of 5.6 trillion roubles or 2.6% of gross domestic product in 2025.

Agreements were reached to boost supply volumes via the Power of Siberia pipeline from 38 bcm per year to 44 bcm per year and to increase supply volumes via the Far Eastern route from 10 bcm per year to 12 bcm per year.

The Draft National Electricity Policy 2026, once finalised, will replace India's first National Electricity Policy (NEP) which dates back to 2005.

Roscosmos, Russia's federal space agency, said the purpose of the nuclear power station on the moon would be "long-term power supply to consumers (moon rovers, observatory) of the Russian Lunar programme, as well as infrastructure facilities of the International Lunar Research Station (including facilities of foreign partners)".

NASA and the US Department of Energy (DOE) said they have recently signed a memorandum of understanding to solidify their collaboration and advance the "vision of American space superiority" set out in an Executive Order signed by US President Donald Trump on 18 December.

Germany’s nuclear phaseout plan was adopted in 2000 but was accelerated following the Fukushima nuclear disaster in 2011 by the government then led by Chancellor Angela Merkel.

South Korea’s Climate, Energy & Environment Minister Kim Sung-hwan said the government will proceed under the 11th Basic Power Supply Plan, which calls for the construction of two large-scale nuclear reactors with a combined capacity of 2,800 MWe, scheduled for completion in 2037 and 2038.