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.

Brent fell 47 cents, or 0.6%, to $75.16 per barrel, WTI fell 55 cents or 0.8% to $71.81.

The IAEA has redesignated Rosatom Technical Academy (Rosatom Tech) as an IAEA Collaborating Centre, signing a new four-year agreement that expands the scope of their collaboration during the recent IAEA International Conference on Small Modular Reactors (SMRs) and their Applications.

By 2026, the independent innovation capability of China’s nuclear technology application industry will be significantly enhanced, and the industrial field will be further expanded, according to the plan.

Brent ticked up 14 cents, or 0.19%, to $75.22 a barrel, WTI was at $71.6 a barrel, up 13 cents, or 0.18%.

The EC also said that "continued" and "further action" is needed for the EU to meet its ambitious target of reducing emissions by 55% in 2030 from 1990 levels.

Ammonia, which consists of nitrogen and hydrogen, boasts a high energy density, making it a practical medium for hydrogen storage and transport.

The partners studied the feasibility of an electric nuclear propulsion (NEP) system where the electricity produced by a nuclear power reactor powers electric ion thrusters - ionising a gas and accelerating the ions produced, which are then ejected to generate thrust.

The new cooperation creates prospects for implementing joint projects in uranium exploration and mining in Mongolia, allowing both parties to strengthen their positions in the uranium industry, Kazatomprom said.