Rising domestic demand, hot summers and rapidly deteriorating local production mean Egypt needs to buy increasing volumes of LNG.

Brent dropped 22 cents, or 0.3%, to $64.74 per barrel, WTI fell 18 cents, or 0.3%, to $61.77.

Стороны обсудили состояние и перспективы мирового рынка нефти и договорились произвести в июне 2025 года корректировку добычи на 411 тыс. баррелей в сутки, что соответствует трём ежемесячным повышениям.

In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in June 2025 from May 2025 required production level.

Ожидаемый объём недополученных нефтегазовых доходов федерального бюджета прогнозируется в мае 2025 года в размере 12,3 млрд руб.

"Despite the significant progress achieved under the REPowerEU Plan and via sanctions since Russia's invasion of Ukraine, in 2024 the EU saw a rebound in Russian gas imports," the EC said. "More coordinated actions are therefore needed, as the EU's overdependency on Russian energy imports is a security threat."

The discussion centred on new approaches to the efficient allocation of nuclear energy resources, current industry trends and prospects for cooperation between participating countries for balanced global development and energy security.

According to CCI data, the largest monthly increase in April was shown by shipments through the port of Kozmino +17.79%, 139 thousand tons per day.

Russia currently delivers gas to China via the Power of Siberia 1 pipeline, which is part of a US$400 billion, 30-year agreement between Gazprom and China’s CNPC which was signed in 2014.

Vietnam and Russia have also agreed to boost cooperation in oil and gas industries, including the provision of Russian crude oil and liquefied natural gas to Vietnam, according to the joint statement.

The collaboration focuses on a number of critical areas seen as essential for scaling SEALER from prototype to full commercial readiness.

Brent gained 43 cents to $66.98 a barrel, WTI rose 42 cents to $63.21 a barrel.

India’s imports of Russian crude are on track to hit 2.15 million barrels a day in April, the biggest monthly volume since May 2023, according to data from Kpler. Shipments have climbed since tumbling to a 14-month low in February.

The ministry envisages in its baseline scenario of economic forecasts for 2025 that the average price for Brent will be at $68 per barrel, down from the $81.7 per barrel it assumed in its September forecasts,

Renewable hydrogen is also part of a broader plan and series of directives aiming at increasing the share of renewable energies in EU’s energy consumption.