With strong interest already secured from its financial partners, Fluidstack's Phase 1 of the project will be supported by an initial investment of EUR10 billion (USD10 billion) and is set to become operational in 2026. The facility's Phase 1 will ultimately host about 500,000 next-generation AI chips.

The Worldwide Rig Count for January was 1,696, up 36 from the 1,660 counted in December 2024, and down 87, from the 1,783 counted in January 2024.

Brent rose 32 cents to $74.61 a barrel, WTI was up 24 cents at $70.85 a barrel.

Стороны рассмотрели данные по добыче сырой нефти за ноябрь и декабрь 2024 года и отметили высокий уровень соблюдения обязательств странами ОПЕК и не-ОПЕК, участвующими в Декларации о сотрудничестве. Страны выразили приверженность Декларации о сотрудничестве, действие которой продлено до конца 2026 года.

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.