The shift in thinking represents a major change of tack for Saudi Arabia, which has led other Opec+ members in repeatedly cutting output since November 2022 in an attempt to maintain high prices.

Brent were up 69 cents, or 0.93%, at $74.59 a barrel, WTI rose 74 cents, or 1.05%, to $71.11.

Green hydrogen, generated through water electrolysis powered by renewable energy, holds promise for nearly zero emissions. However, as interest grows in low-carbon hydrogen, the industry is moving beyond simplistic colour categorizations.

Hydrogen's low volumetric energy density poses a significant challenge. Traditional storage methods, such as high-pressure tanks, require robust and often heavy containers, which limit their practicality. Advanced solutions like cryogenic storage and novel materials are being explored to mitigate this issue.

Hydrogen, often touted as the "fuel of the future," has immense potential to decarbonize key sectors such as transportation, manufacturing, and energy storage.

AI and ML are pivotal in aiding the development of materials tailored for hydrogen use. These advanced technologies facilitate the rapid assessment and enhancement of both structural and functional materials, which are crucial for the efficiency and sustainability of hydrogen production, transport, and storage processes.

Brent were up 99 cents, or 1.39%, at $72.05 a barrel, WTI rose $1, or 1.48%, to $68.67 a barrel.

In recognition of this strengthened resolve and renewed firm commitment, the eight participating countries have agreed to extend their additional voluntary production cuts of 2.2 million barrels per day for two months until the end of November 2024,

В 2021 году страна преодолела рекорд потребления электроэнергии в 156 гигаватт, зафиксированный в 1992 году, после чего этот рост продолжился.

More than 20 countries at COP28 pledged to work towards tripling global nuclear power capacity to reach net-zero by 2050.

Japanese start-up Helical Fusion aims to launch the world’s first steady-state nuclear fusion reactor in 2034 and to begin commercial operations in the 2040s,

Brent rose 19 cents, or 0.26%, to $72.88, WTI were up 22 cents, or 0.32%, to $69.37.

The Sizewell C Devex Scheme has a total value of GBP5.5bn (€7.2bn) and it is expected to provide the greater flexibility to cover development expenditure costs up to and including FID, subject to appropriate Value for Money (VfM) assessments and approvals at the relevant time.

The CNY7.1bn (US$998m) transmission project will run for 1,271 km between the cities of Shenmu in northern Shaanxi to Lantian in the south.

At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW, while hydropower capacity reached 52 GW.