While US fuel now makes up 40% of Europe’s liquefied natural gas imports, it will only offset a fraction of the deficit from Russia next summer,

Lower Russian supplies sent European gas prices to all-time highs in late August though prices have come down sharply as storage sites across the EU were filled to close to capacity.

Concluding the plenary part, Maksim Malyarchuk, Executive Director of the Russian-Iraqi Business Council at the Chamber of Commerce and Industry of the Russian Federation, spoke about the activities of the Council and assistance to Russian and Iraqi companies in the new conditions.

Brent rose 56 cents, or 0.6%, to $96.25 a barrel, WTI gained 41 cents, or 0.5%, to $88.32.

Brent fell $1.03, or 1.1%, to $92.49 a barrel, WTI were down 75 cents, or 0.9%, to $84.57.

The other cap in the mix is one to limit the price of gas used in electricity generation, which is backed by a vociferous group of member states.

Brent fell by $1.30 to $91.96 per barrel, WTI fell by $1.24 to $83.34 per barrel.

Caps on gas prices top the political agenda in Europe as governments seek to rein in an unprecedented energy crisis triggered by a cut of gas shipments by Russia, the continent’s former biggest supplier.

Coking coal imports from Russia jumped to 2.5 million tons in September, from about 900,000 tons in the same month last year and 1.9 million tons in August, according to Chinese customs data.

Brent slid $1, or 1.1%, to $92.50 a barrel, WTI was at $84.02 a barrel, down $1.03, or 1.2%.