Further development of bilateral cooperation in the political, trade, economic and energy sectors, as well as cooperation within the OPEC Plus group to provide the stability of global oil market were discussed.

They reaffirmed their readiness to continue working together on the global energy market, including within the OPEC Plus and the Gas Exporting Countries Forum.

"National consultations have clearly shown that the Hungarians do not want sanctions, because they will not help Ukraine, they will not bring Russia to its knees and will only cause terrible damage to Europe and Hungary," Orban stressed. He believes the results of the national consultations will be a significant help in his discussions with the leadership of the EU and other countries.

The cold spell next week signals the possibility of heavier withdrawals from the region’s gas storage sites, though inventories are still almost 73% full and well above average levels of the last five years.

Benchmark futures fell as much as 3.5%. While the continent’s gas inventories dropped last week amid a cold spell, they are still far above historic averages.

Dutch front-month futures, were 0.2% lower at €66.80 a megawatt-hour by 8:58 a.m. in Amsterdam, after rising as much as 3.1% earlier.

In September, Westinghouse and Enusa announced their intention to collaborate on VVER-440 fuel fabrication with the aim of delivering a Western alternative to Russian fuel in the European market VVER-440s currently use fuel from Rosatom’s TVEL.

Dutch front-month futures, Europe’s gas benchmark, were 2.8% lower at €59 a megawatt-hour by 8:29 a.m. in Amsterdam.

As a result, Russian diesel makes up 27% of Europe's total 1.69 million b/d of imports in the period, the data showed.

“The Russian nuclear industry stands out as a rare – indeed unique – case of a high-technology sector that has not only recovered from the end of the Soviet era and the chaos that followed, but has developed an effective export strategy that has allowed it to prosper today as never before.”

The region’s storage sites are around 81% full, some 20 percentage points above the five-year average. That’s providing confidence that Europe will end the winter with inventories over 50% and “more than enough gas to completely replenish its storage by the start of next winter,”

The researchers say that, regardless of the purpose and scenario of the mission, a reliable source of energy is needed for successful exploration of the Moon.

The OPEC+ Joint Ministerial Monitoring Committee, on which Mazrouei sits, is co-chaired by Saudi energy minister Prince Abdulaziz bin Salman and Russian Deputy Prime Minister Alexander Novak.

With India becoming the largest buyer of Russian crude in late 2022 and China posting close to double-digit growth in Russian inflows over January-November, refiners in South Korea, Japan and Thailand are finding it easier to procure term and spot crude supplies from Middle Eastern producers,

Gas prices may have dropped, but are still almost double their five-year average for the time of year.