The USA and Ghana have jointly launched a partnership under the Foundational Infrastructure for Responsible Use of Small Modular Reactor Technology (FIRST) programme.

U.S. commercial crude oil inventories decreased by 1.9 million barrels from the previous week to 411.6 million barrels.

Brent were up $2.53, or 2.28%, at $113.67 a barrel, WTI were up $1.64, or 1.51%, at $110.34 a barrel.

Turkey relies on Russia for 45% of its natural gas demand, 17% of oil and 40% of its gasoline, Deputy Energy and Natural Resources Minister Alparslan Bayraktar said in remarks on the sidelines of the CERAWeek energy conference.

The Newcastle 5,500 kcal/kg NAR coal with 23% ash hit a fresh record high $295/mt FOB March 9, the highest since the grade was first assessed in August 2017,

Regarding the status of Ukraine’s operational nuclear power plants, the regulator said eight of the country’s 15 reactors remained operating, including two at the Zaporizhzhya NPP.

The German energy group Uniper has decided to sever ties with Russia. Shell will withdraw from Russian hydrocarbons, including crude oil, petroleum products, gas and LNG in a phased manner.

"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."

Switzerland currently has four nuclear reactors generating about 35% of its electricity.

The state government of Karnataka (India) has proposed the construction of a 2 GW underground electricity storage project in the Sharavathi basin for an investment of INR53.9bn (US$700m).