OPEC+ members will consider whether to extend existing oil cuts for three to four months or to gradually increase output from January during their two days of talks that start on Monday, OPEC+ sources told Reuters.

OPEC and its allies have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated, a confidential document seen by Reuters shows, supporting the case for a tighter supply policy next year.

Lithuania halted electricity trade with Belarus on Tuesday after the neighbouring country connected Astravyets nuclear power plant to its energy system, news wires reported.

Lithuania sent a protest note on Tuesday to Belarus over a planned nuclear power plant close to their border that is scheduled to start operating next month, news wires reported.

A slow economic recovery from the pandemic threatens to delay a full rebound in world energy demand to 2025, the International Energy Agency said on Tuesday.

The UK’s PM Johnson announced his goal to supply all households in Britain with electricity from offshore wind farms by 2030, news wires reported.The coronavirus pandemic should be used as a catalyst for a green energy revolution, Johnson said in a speech to an online conference of his Conservative Party on Tuesday.

The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic.

Back in 1973, the Organisation of Petroleum Exporting Countries (OPEC) almost brought the US economy to collapse by imposing oil embargo as an answer to Washington’s support for Israel during the Yom Kippur War. Now the cartel turns 60 in not much different situation, but is more prone to do what the US actually wants, Reuters reported.

OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic.

Ukraine's state energy firm Naftogaz confirmed it would not resume buying natural gas from Russia, suspended since late 2015, until Moscow offered it competitive prices and conditions. "Reform of the Ukrainian gas market has created an opportunity for any Ukrainian or foreign trader to buy gas from Russia, should prices and conditions be competitive. But, so far, Russia hasn't offered gas under these terms," Andriy Kobolyev, Naftogaz's chief executive told Reuters in an email. "Ukraine will never go back to the days of corrupt energy deals and energy dependence on Russia, and they know that," he added.