Russia will not supply oil to the countries that maintain a price ceiling, according to the Russian Deputy Foreign Minister, Andrey Rudenko.

Qatar, the world's second-largest LNG exporter after the US, shipped 82.44 million metric tons of LNG in 2025, with 8.9% of this total directed towards European terminals

That’s the price of the region’s benchmark diesel futures, known as ICE Gasoil, which rose as high as $1,509.50 a ton earlier today, the equivalent of $202.3 a barrel.

The European Union’s energy chief told member states last week to start injecting into gas storage early in order to avoid supply competition that could push prices up over summer.

"For more than 70 years, nuclear has delivered stable, clean power across Europe,"

Dutch front-month futures, Europe’s gas benchmark, traded 4.7% higher at €62.02 a megawatt-hour by 8:33 a.m. in Amsterdam.

Benchmark futures jumped as much as 35% on Thursday, pushing prices to more than double their pre-war levels, as the market braces for a drawn out halt at the critical LNG hub that provides about a fifth of the world’s supply.

Russia is now aiming to capitalize on supply concerns as a result of the conflict in the Middle East, where energy infrastructure and supply routes have been attacked.

Особое внимание уделили вопросам переориентации поставок российского газа с европейского направления на более надёжные и выгодные рынки в связи с принятым Евросоюзом поэтапным ограничением поставок газа из России.

Dutch front-month futures, Europe’s gas benchmark, traded 15% lower at €47.99 a megawatt-hour by 8:41 a.m. in Amsterdam.

Benchmark futures jumped as much as 25% — the biggest increase since August 2023 — after tanker traffic through the Strait of Hormuz largely halted over the weekend.

The Russian Deputy Prime Minister Alexander Novak and Turkish Energy and Natural Resources Minister Alparslan Bayraktar have been discussing additional prospects for cooperation in their bilateral oil and gas, as well as the development of nuclear energy, at meetings held in Istanbul.

"Poland has the potential to become a European leader in small modular reactor (SMR) technology," said Polish Minister of Energy Miłosz Motyka.

NANO Nuclear and EHC will also explore the future potential for deploying KRONOS MMR reactors in select markets across the wider Gulf region.

The European Climate Law already establishes climate neutrality by 2050 and a 55% net GHG reduction by 2030 (vs. 1990) as legally binding obligations for all member states.