Vietnam and Russia are already cooperating in the nuclear sector on the construction of a Centre for Nuclear Science and Technology in Vietnam

While Europe has managed to diversify its energy supplies since the 2022 crisis — making a phaseout of Russia’s fuel potentially less challenging — this winter has served as a reminder that the region remains vulnerable.

Brent fell 6 cents to $73.85 a barrel, WTI was down 11 cents at $70.60 a barrel.

Consequently, Russia will increasingly rely on China and boost energy exports, particularly crude oil and natural gas, in 2025,

Rosatom describes the TRT as “a tokamak with a long discharge pulse, a strong magnetic field and an electromagnetic system made of a high-temperature superconductor … the construction of the TRT is an important stage in the development of controlled thermonuclear fusion and the creation of a nuclear power reactor in Russia – an environmentally friendly source of energy with virtually inexhaustible fuel resources”.

ITER has paid tribute to Evgeny Velikhov (1935-2024), who died on 5th December aged 89, with the following “In Memoriam”:

Brent edged up 7 cents to $73.48 a barrel, WTI was at $70.11 a barrel, up 9 cents.

The meeting was conducted to reinforce the precautionary efforts of OPEC+ countries, aiming to support the stability and balance of oil markets. The aforementioned countries decided, in addition to the latest decisions from the 38th ONOMM, to extend the additional voluntary adjustments of 1.65 million barrels per day that were announced in April 2023, until the end of December 2026.

Europe was not yet out of an energy crisis that began with Russia's invasion of Ukraine in 2022.

India's rising Russian imports have come at the expense of rival Middle Eastern producers. The Reliance-Rosneft deal would represent another challenge for competitors, including Saudi Arabia.