The European Commission on Thursday said Germany will be the biggest drag on euro zone growth this year and next, with growth of only 0.3% in 2024 rather than 0.8% expected in November and 1.2% in 2025, after a 0.3% recession last year.

The aid provided by seven countries is expected to unlock an additional 5.4 billion euros in private investments, with 32 companies participating in 33 projects, the commission said.

"Oil prices at $80 is extremely comfortable for Russia," she said. "Maybe at $60-$70 it starts feeling the pinch, but we cannot start talking about crisis if Russia is selling oil at $60 or above."

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

Brent were down 9 cents, or 0.1%, to $82.77 a barrel, WTI rose 4 cent to $78.07 a barrel.

A key focus of the partnership will be on hydrogen isotope management within the fusion fuel cycle, safely removing, processing, and reinjecting fuel to the plasma in a continuous manner.

The UK’s nuclear sector has launched its first sector-wide initiative to attract and recruit people over the next two decades into the civil and defence nuclear workforce.

Atomic power would need to account for 40% to 45% of electricity supply, from about 30% now, for Korea to zero out its emissions by mid-century,

"Compared to the larger, conventional nuclear power plants, SMRs have several advantages — such as shorter construction time schedules, enhanced safety features and a sounder appeal to private investors thanks to their lower initial costs and shorter development timelines," the commission added.

Demand for natural gas globally will then peak after 2040, although appetite for LNG will continue growing as China and developing Asian nations switch from dirtier coal to the comparatively cleaner fuel.

Russia would look at selling Sokol oil through trading firms to reduce surplus floating stocks in the Pacific. Selling via a trader will help Russia get steady payments, though that will reduce discounts for the buyer,

The International Working Group on Russian Sanctions aims to provide expertise and experience to governments and companies around the world by assisting with the formulation of sanctions proposals that will increase the cost to Russia of invading Ukraine

The year 2024 is projected to be a potential turning point for the power industry, as it could witness a significant shift towards renewable energy.

In 2024, Energy consumers have more questions about the state of the Energy Industry's current initiatives than answers. Some areas to focus on include decarbonization, technology implementation, energy storage, and emergency responses.

India's natural gas consumption in 2024 will likely grow 5%-6% corresponding to an estimated economic growth of 6%-7%,

But geologists now believe hydrogen is generated in large quantities when certain iron-rich minerals react with water, Alexis Templeton of the University of Colorado, Boulder, told the AAAS conference.

Brent ticked down 11 cents to $83.45 a barrel, WTI rose 36 cents to $79.55 a barrel.

The construction of two 1200 MWe Hualong One reactors as Phase I of the Jinqimen plant was approved by China's State Council at a meeting on 29 December last year.

Europe risks losing out to China and the US in the race to supply the technologies needed to roll out renewables and slash industrial emissions.

“The European Commission’s carbon capture ambition is significant at ~450 million tonnes of CO2 by 2050, of which around 40% will come from direct air capture (DAC) alone, the most expensive carbon capture process.