Ofgem's new cap of 1,849 pounds ($2,334.18) a year for average use of electricity and gas is up 111 pounds, or 6.4%, from 1,738 pounds under the previous cap.

Brent rose 24 cents or 0.33% to $72.77 a barrel, WTI were up 18 cents or 0.26% at $68.80 per barrel.

Основной темой встречи стало сотрудничество в нефтяной, газовой, угольной, электроэнергетической и атомной отраслях. Было отмечено, что взаимодействие в энергетической сфере является стратегическим направлением сотрудничества между Россией и Турцией.

Стороны обсудили вопросы сотрудничества в торгово-экономической сфере, энергетике, промышленности, транспорте, сельском хозяйстве, здравоохранении, науке и образовании, культуре и спорте.

The agreement sets out the terms and main areas of interaction between the parties and the possibility of a further expansion of capacity to 330 MW.

The new roadmap builds on an agreement reached in 2023 on the sidelines of the Russia-Africa Economic & Humanitarian Forum in St Petersburg.

While pipeline gas supplies from Russia cover less than 5% of Europe’s fuel needs after most major routes have been closed since 2022, the nation remains the second largest supplier of LNG to the EU. Purchases hit a record last year, with Spain, France and Belgium being the biggest buyers.

Russian oil products exports remain resilient with volumes climbing last month to the highest in a year, despite repeated drone strikes against the country’s refining operations.

OIL Markets have been experiencing dehorning by the bears with the benchmark BRENT trading at $69.45/bbl and WTI Crude trading at $66.12/bbl. We have seen a short squeeze on Natural Gas to $4.34/mmBtu pricing as plays within the COTs Reports have had sluggish skewness pushing prices higher currently at $4.50/mmBtu.Tread cautiously as this is thin ice.

Furthermore, the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as agreed under the 53rd JMMC meeting on April 3, 2024. T

According to Iran’s oil ministry, Qatar has already implemented pressure enhancement schemes, boosting production on Qatar’s side of the field (called North Dome).

The Boca de Jaruco field produces extra-viscous, extra-heavy oil (natural bitumen) from carbonate deposits using thermal steam methods. Zarubezhneft has quadrupled its annual production over the past five years, while the stock of production wells has remained unchanged at seven wells.

In October 2023, the board of directors of Orano approved an investment of about EUR1.7 billion to raise the production capacity of the plant. The decision followed requests from some US and European customers who are seeking alternatives to Russian sources of supply.

The Sunbird concept is for the fusion-powered 'tugs' to be permanently based in space, able to dock on to spacecraft and propel them at high speed over vast distances. Pulsar Fusion says it foresees a compact nuclear fusion engine providing both thrust and electrical power for spacecraft, including as much as 2 MW of power on arrival at a destination.

Brent fell 5 cents to $70.9 a barrel, WTI shed 10 cents to $67.58 a barrel.

The Worldwide Rig Count for February was 1,741, up 46 from the 1,696 counted in January 2025, and down 71, from the 1,813 counted in February 2024.

India’s energy landscape is a study in contrasts. On one hand, the country is a global leader in renewable energy adoption, with ambitious targets for solar and wind power. On the other, coal remains the backbone of its energy mix, accounting for 55% of the national energy supply and over 74% of power generation.

In the global race to achieve net-zero emissions, India stands at the threshold of a transformative clean energy revolution. Green hydrogen, a fuel produced through water electrolysis using renewable sources, has captured attention for its immense potential to cut carbon emissions and drive economic growth.

Artificial intelligence (AI) is transforming industries at an unprecedented pace, but its rapid adoption comes with a significant challenge: energy consumption.

Одной из основных задач Программы является сохранение объемов экспорта угольной продукции и привлечение в отрасль инвестиций, необходимых для обеспечения добычи угля.