Russia and India in December signed new energy cooperation agreements, including a contract for Rosneft to ship almost 15 million barrels of crude to India in 2022, according to government and company statements.

Germany will look into all options in response to the likely decrease or stop in Russian fossil fuel deliveries to Germany, including a longer run-time of nuclear and coal-fired power plants, even if those options are unlikely.

The United States aims to instal 30 GW of offshore wind by 2030. At the regional level, New York and New Jersey have set the target of installing 16 GW of offshore wind by 2035.

Brent advanced 1.8% to $99.7, WTI rose 1.6% to $97.28.

Despite the latest unloading of Russian petroleum products in the US, shipments have recently been in decline. US imports of Russian crude oil have fallen to roughly 13,500 b/d since Jan. 1, down from an average of 199,000 b/d in 2021, according to the latest US data, reflecting declining reliance on Russian crude as the Ukraine crisis escalated.

Europe's top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options.

Ukraine informed the International Atomic Energy Agency (IAEA) today that the country’s nuclear power plants were continuing to be operated safely and securely,

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Peter Szijjarto, Hungarian Minister of Foreign Affairs and Trade, reviewed means of strengthening bilateral relations and growing cooperation, particularly in the fields of energy, clean energy, sustainability and water resources.

Bechtel and Westinghouse are preparing a front-end engineering design (FEED) for a plant on a site chosen by Poland on the Baltic Sea coast, for the Polish Nuclear Power Plant programme. The FEED is partially funded by a grant from the US Trade and Development Agency.

The Board of Shell plc (“Shell”) announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.