Russian gas continues to flow to the European Union through Ukraine under the current deal. Some nations still rely on this fuel, while most of northwest Europe has replaced flows from Moscow with cargoes of liquefied natural gas.

According to World Nuclear Association information, Russia produced 2508 tU in 2022, making it the sixth largest producer of uranium in the world, while Russian reactor requirements for 2023 were estimated at 6284 tU.

Divided into four operational areas—NAIRR Open, NAIRR Secure, NAIRR Software, and NAIRR Classroom—the NAIRR pilot is bringing private sector, non-profit and philanthropic organizations, industry partners, and nine Federal agencies together to provide access to advanced computing, datasets, models, software, training, and user support to U.S. based researchers and educators.

Brent dipped 14 cents, or 0.1%, to $79.41 a barrel, WTI ticked down 11 cents, or 0.2%, to $74.26 a barrel.

Naphtha and fuel oil are loaded onto Clearocean Apollon Clyde Noble tankers at the nearby Ust-Luga Oil terminal.

The Sakhalin-2 LNG export plant is the closest to North Asia, home to the world’s top buyers. The facility supplied nearly 10% of Japan’s LNG needs last year, and hasn’t been targeted by Western sanctions due in part to the need to ensure energy security.

In the last few months of 2023, the US ramped up enforcement of the price cap and imposed multiple rounds of sanctions on entities and ships that carried Russian crude oil above the price cap.

Brent fell 9 cents, or 0.1%, to $78.47 a barrel, WTI inched up 11 cents to $73.52 a barrel.

The global oil demand growth forecast for 2024 remains unchanged at 2.2 mb/d, with the OECD growing by around 0.3 mb/d and the non-OECD by about 2.0 mb/d. The global oil demand growth in 2025 is expected to see a robust growth of 1.8 mb/d, y-o-y. The OECD is expected to grow by 0.1 mb/d, y-o-y, while demand in the non-OECD is forecast to increase by 1.7 mb/d.

The joint plans of Rosatom and the region include projects for the development of energy infrastructure and the construction of a shift village, landing strip, roads and sea pier, as well as the construction of the world's first low-power nuclear power plant with a Shelf-M reactor of up to 10 MWe.