It trails China and the US in areas such as manufacturing of clean technologies thanks to a mix of burdensome regulations and higher energy prices. Electricity prices in the EU are typically twice to three times higher than in the US.

China has the world’s largest nuclear fleet and aims to produce 10% of its electricity from nuclear power by 2035 and 18% by 2060 to enhance energy security and advance decarbonisation goals.

"This is something that is not binding. Obviously, we are aware that in the G7 there is a country that currently does not want to pursue the development of nuclear energy."

However, the Department of Energy (DOE) may waive the ban if it determines that "no alternative viable source of low-enriched uranium is available to sustain the continued operation of a nuclear reactor or a US nuclear energy company" or that importation of uranium is in the national interest.

Brent gained 31 cents, or 0.4%, to $89.32 a barrel, WTI rose by 23 cents, or 0.3%, to $83.80 a barrel.

The construction of a ASMM in the far north Ust-Kuyga settlement will contribute to the development of infrastructure and the creation of new jobs in Yakutia, as well as providing a stable energy supply for the development of the region’s natural resources, which will make it even more attractive for investment and development.

Worries include uncertainty over remaining Russian flows through Ukraine and rebounding gas demand in Asia. A colder-than-normal winter spurring consumption at home is also seen as more likely after two consecutive mild ones.

The capacity for transmitting electricity to Belgium, Germany, Switzerland and Italy has been reduced since early March, according to French power-grid operator RTE. That’s depriving those nations of exports of cheaper French nuclear power and boosting wholesale prices across the region.

Brent traded 27 cents higher at $87.27 a barrel, WTI gained 26 cents to $82.16 a barrel.

The data indicated that the Kingdom’s crude exports rose to 6.32 million bpd, reflecting a monthly increase of 0.32 percent.