As solar and storage costs continue to decrease, at what point will having stand-alone power for customers of all types be a reality? What about microgrids that can use fuel cells and emerging green or even blue hydrogen technologies.

Factors in the Energy Utility Grid’s growth involve two facets of the Energy Industry, technology and energy consumer populations. Technology developments successfully applied to the Energy Utility Grid to expand efficiency, reliability, and stability include AI, SMART Grid platforms, and DERs.

Brent climbed 51 cents, or 0.57%, to $90.25 a barrel, WTI rose 61 cents, or 0.72%, to $85.63.

По предварительной оценке, объем доходов федерального бюджета в первом квартале 2024 года составил 8 719 млрд рублей, что на 53,5% выше объема поступления доходов в первом квартале 2023 года.

While Urals has been above $60 almost all year, this month’s surge to well above $70 will stretch the credibility of those attestations for traders wanting to keep using western services.

Last week, OPEC+ said it would maintain its voluntary cuts until July. The cartel is expected to decide on its continued production cuts beyond then at its next full ministerial meeting scheduled for June 1.

#WTICrude OilPrice holds a two day declines and trades on high $84s/bbl price print after the API Report publications for the week stated that US oil stocks added 3.03m barrels last week, subtotalling towards the 3rd consecutive weekly addition prior to the EIA Report.

Russia’s gas-transit agreement with Ukraine also expires at the end of the year, and there’s little clarity as of now if these volumes will still find their way to Europe.

Brent dropped $1.42, or 1.6%, to $89.75 a barrel, WTI was at $85.59 a barrel, down $1.32, or 1.5%.

Министерский мониторинговый комитет проанализировал данные о добыче сырой нефти за январь и февраль 2024 года и зафиксировал высокое соответствие условиям исполнения сделки.

The Committee also welcomed the announcement by the Russian Federation that its voluntary adjustments in the second quarter of 2024 will be based on production instead of exports.

Russia, which prior to invading Ukraine had an insignificant role in India’s oil basket, has seen exports to India swell since the start of the war and consequent Western sanctions, becoming the country’s top supplier.

Germany would significantly increase research funding for fusion with an additional EUR370 million (USD403 million) over the next five years.

Brent rose 20 cents, or 0.22%, to $89.12 per barrel, WTI climbed 17 cents, or about 0.2%, to $85.32 a barrel.

Кроме того, директор Департамента отметил, что 37% выработки всей электроэнергии в России — низкоуглеродная. «При этом необходимо не забывать, что что у нас ГЭС — это чистая ВИЭ, АЭС — не ВИЭ, но при этом низкоуглеродная генерация, поэтому энергобаланс в России достаточно хороший, чистый, и многим странам к такому точно надо стремиться», — добавил он.