Brent were up $1.49, or 1.9%, at $80.06 a barrel, WTI rose $1.43, or 1.9%, to $75.20.

The discussion covered issues related to further expanding economic ties, primarily in energy, with the priority being strategically significant projects like the creation of a regional natural gas hub in Turkiye and the construction of the Akkuyu nuclear power plant.

Dutch front-month futures, the European benchmark, rose 4.3% to €72.50 a megawatt-hour at 8:55 a.m. in Amsterdam. The UK equivalent contract was 7.1% higher.

Germany exported around 501 TWh of natural gas in 2022 (749 TWh in 2021). As a result, at 948 TWh, more natural gas was available in Germany in 2022 than in 2021 (902 TWh).

Electric utilities are facing a future of increased competition, disruptive technologies, and changing customer demands.

Средняя цена на нефть марки Urals в январе-декабре 2022 года сложилась в размере $76,09 за баррель, в январе-декабре 2021 года — $69,0 за баррель.

Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported.

The Worldwide Rig Count for December was 1,834, down 56 from the 1,890 counted in November 2022,and up 271, from the 1,563 counted in December 2021.

Brent was up $1.63, or 2.1%, to $79.47 a barrel, WTI gained $1.41, or 1.9%, to $74.25.

Russia said Dec. 28 it will ban crude supplies to countries that observe the G7's $60/b price cap from Feb. 1 for five months. The retaliatory move, which applies at all stages of supply to the final buyer, had been widely flagged by Russia and expected by the global oil market.