Brent rose 16 cents, or 0.2%, to $78.75 a barrel, WTI climbed 20 cents, or 0.3%, to $73.51.

Oil imports from Russia, negligible before Moscow’s invasion of Ukraine, climbed steadily through 2022 and the first half of last year as India saw an opportunity to procure discounted barrels. Russia overtook traditional suppliers like Iraq and Saudi Arabia.

Volatility has become a dominant feature of Europe’s market as it transforms into an international hub for gas trading.

JOGMEC's fulfillment of the loan guarantee, however, does not mean the end of JARC's participation with a 10% stake in the Arctic LNG 2 project, a JOGMEC official said Feb. 5, adding that the relevant Japanese parties will carefully respond while ascertaining sanctions developments.

In June 2022, SaskPower selected the BWRX-300 as the technology to be used in its SMR development work for potential deployment in the mid-2030s after considering several SMR technologies. The company said it had identified two areas in the province of Saskatchewan – Estevan and Elbow as possible sites.

Brent climbed 37 cents, or 0.5%, to $79.07 a barrel, WTI gained 30 cents, or 0.4%, to $74.12 a barrel.

For nuclear power to live up to the current hype it is getting, it needs to fully address its perennial issues and problems, and so far it has not done so.

The US was the supplier of 56% of the total, with some 14% coming from Russia and 10% from Algeria. Notably, around 7% was also originating from Qatar and 4% from Nigeria.

Australia is a sunny country with excellent renewable energy resources. However it is not rolling out clean energy projects rapidly enough to reach the Australian government’s target of 82% renewable electricity by 2030.

Brent rose 29 cents, or 0.4%, to $83.84 a barrel, WTI gained 34 cents, or 0.4%, to $78.35 a barrel.