Brent rose 16 cents, or 0.2%, to $72.97, WTI rose 16 cents, or 0.23%, to $68.91.

Climate remains one of a few topics where it is still able to find common ground with the western countries, which imposed sanctions on its economy. Russia has among the biggest delegation at COP this year, with 900 people registered.

Southeast Asia remains highly dependent on imported fossil fuels, with such energy sources – especially coal – making up nearly 80% of the region's rising energy demand since 2010

Brent rose 15 cents, or 0.2%, to $73.45 a barrel, WTI were at $69.31 a barrel, up 15 cents, or 0.2%.

The global oil demand growth forecast for 2024 is revised down slightly by 107 tb/d from the previous month’s assessment to 1.8 mb/d, y-o-y.

Over the longer term, the Government had proposed to the relevant authorities to restart nuclear power projects and robust development of offshore wind energy.

“Since the decision has been made by the National Energy Council and endorsed by the Cabinet, nuclear energy is likely to be included in the 13th Malaysia Plan (RMK-13) as one of the country’s official energy sources,” Rafizi told reporters after the National OGSE (Oil & Gas, Services & Equipment) Blueprint Forum 2024 in Kuala Lumpur.

Natural gas is not only a cleaner alternative to coal but also a reliable energy source that can support various sectors, including manufacturing, agriculture, and transportation.

An electricity shortage is bearing down on the nation and there are no easy fixes. Trump has laid out an energy policy that would emphasize oil and gas drilling and environmental controls and curbs on the rate of wind generation deployment. None of that will get us through the impending crisis as the demand for more electricity is surging.

Brent fell 35 cents, or 0.5%, to $71.93 a barrel, WTI declined 42 cents, or 0.6%, to $68.01.

Trade between the traditional allies have shot up five times in the past three years, according to trade ministry data, as India lapped up Russian crude oil while most others shunned its barrels following the invasion of Ukraine.

Since gaining independence in 1947, India's power sector has achieved remarkable growth, with the installed capacity soaring from a mere 1,300 MW to an impressive 400 GW by 2023. This growth trajectory has been propelled by strategic investments in thermal, hydro, and renewable energy, underlining the sector's resilience, adaptability, and alignment with global sustainability goals.

In a joint statement after the leaders' meeting, the countries agreed to enhance collaboration in sectors such as new energy vehicles, lithium batteries, photovoltaics, and the digital economy.

As renewable energy sources like solar and wind become more widespread, their inherent unpredictability introduces new challenges. Unlike traditional fossil fuel power plants, renewable generation is intermittent, making it harder to forecast production and balance the grid.

Geographic Information Systems (GIS) offer a transformative approach to managing these networks, providing a comprehensive, real-world model of assets and enabling better decision-making and operational efficiency.