The country exported a total of 7.3 million barrels a day last month, down 6.4% from March, the Paris-based agency said in its monthly report published Wednesday. That’s Russia’s lowest oil exports in five months, the IEA estimates show.

The Indian government, earlier in 2024, issued an order applicable between May 1 and June 30 to increase power generation from gas-based power plants in anticipation of a power crunch this summer season.

The global oil demand growth forecast for 2024 remains broadly unchanged from last month’s assessment at 2.2 mb/d.

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.

Iron-air batteries use rusting as their central technology. In an iron-air battery, iron, water and air are the components. The iron rusts to discharge power and the rusting is reversed to charge the battery.

Rules that may lead to power plants shutting down have the potential to crimp electricity supply, Grech said, while also adding that he thinks the environmental regulator may be overreaching.

The acceptance of Sovcomflot tanker by the country’s largest refiner carries significance as it could embolden other smaller refiners to also use the Sovcomflot vessels for their oil purchases from Russia.

"If Europe is still importing LNG from Russia, it is because there is a need," a France-based gas trader said. "With our other main suppliers, such as Norway, operating at maximum capacity, it will be hard to completely stop the flow of Russian LNG. We are still not completely out of the crisis."

As solar and storage costs continue to decrease, at what point will having stand-alone power for customers of all types be a reality? What about microgrids that can use fuel cells and emerging green or even blue hydrogen technologies.

Russia, which prior to invading Ukraine had an insignificant role in India’s oil basket, has seen exports to India swell since the start of the war and consequent Western sanctions, becoming the country’s top supplier.

Exacerbating instability in the electric sector has been the swing from fossil fuel generation — primarily coal and natural gas — to renewables. Those simply aren’t always available.

Many parts of the US grid network are old and need replacing. Greater electricity demand from EVs and extensive input from DERs mean that load management is going to be more of an issue in future.

The conflagration erupted late last month, the largest wildfire in Lone Star State history. The fire was largely contained as of yesterday afternoon.

Several LNG buyers have delayed signing new long-term contracts with US producers until there is more clarity

The Texas grid has repeatedly seen tight electricity supplies in the past year as extreme weather and surging power demand strain aging infrastructure.