Brent rose 16 cents, or 0.2%, to $72.97, WTI rose 16 cents, or 0.23%, to $68.91.

Climate remains one of a few topics where it is still able to find common ground with the western countries, which imposed sanctions on its economy. Russia has among the biggest delegation at COP this year, with 900 people registered.

The east-route pipeline is connected to the Power of Siberia pipeline which transports Russian gas to China. A second project, Power of Siberia 2, is currently under consideration and could have a capacity of 50 bcm/year.

Next-month futures in Europe’s biggest economy surged as much as 4.4% on Monday to the highest level since October last year. The equivalent contract in France rose 4.3%.

In Germany, where nuclear power has long been a thorny political issue, operators are much less enthusiastic, despite talks of a nuclear restart surfacing in the wake of the German coalition government's recent collapse.

Southeast Asia remains highly dependent on imported fossil fuels, with such energy sources – especially coal – making up nearly 80% of the region's rising energy demand since 2010

This would put the UK's import levels at their highest since February, when it took 991,000 mt of LNG. The country has seen particularly low LNG demand since Q2 of 2024; however, that seems to be shifting as it procures more winter cargoes.

Three project 22220 icebreakers have already been built and are now operating in the Arctic – Arctic, Siberia and Ural. Construction of icebreakers Yakutia and Leningrad is now underway and a contract for the construction of Stalingrad has been signed.

Brent rose 15 cents, or 0.2%, to $73.45 a barrel, WTI were at $69.31 a barrel, up 15 cents, or 0.2%.

The global oil demand growth forecast for 2024 is revised down slightly by 107 tb/d from the previous month’s assessment to 1.8 mb/d, y-o-y.

Russian gas is still being sold in significant volumes to Slovakia and Hungary, as well as to the Czech Republic which does not have a direct contract. Smaller volumes are going to Italy and Serbia.

Climate Week 2025 following the success of first, second and third edition, held in 2022, 2023 and 2024 in Frankfurt, Rome, Barcelona respectively.

The latest move targets a particularly vulnerable US link in the nuclear fuel cycle. Russia controls almost half the world’s capacity to separate the uranium isotopes needed in reactors, and last year supplied more than a quarter of the US’s enriched fuel.

Over the longer term, the Government had proposed to the relevant authorities to restart nuclear power projects and robust development of offshore wind energy.

“Since the decision has been made by the National Energy Council and endorsed by the Cabinet, nuclear energy is likely to be included in the 13th Malaysia Plan (RMK-13) as one of the country’s official energy sources,” Rafizi told reporters after the National OGSE (Oil & Gas, Services & Equipment) Blueprint Forum 2024 in Kuala Lumpur.