"It is absolutely obvious that refusing Russian oil would lead to catastrophic consequences for the global market. The price surge would be unpredictable – to more than $300 per barrel, if not more," said Russian Deputy Prime Minister Alexander Novak.

Абсолютно очевидно, что отказ от российской нефти приведёт к катастрофическим последствиям для мирового рынка. Всплеск цен будет непредсказуемым – более 300 долларов за баррель, если не больше.

Brent was up $1.68, or 1.3%, at $129.66 a barrel, WTI was up $1.60, or 1.3%, to $125.30.

Switzerland currently has four nuclear reactors generating about 35% of its electricity.

Regarding the status of Ukraine’s operational nuclear power plants, the regulator said eight of the country’s 15 reactors remained operating, including two at the Zaporizhzhya NPP.

The German energy group Uniper has decided to sever ties with Russia. Shell will withdraw from Russian hydrocarbons, including crude oil, petroleum products, gas and LNG in a phased manner.

The state government of Karnataka (India) has proposed the construction of a 2 GW underground electricity storage project in the Sharavathi basin for an investment of INR53.9bn (US$700m).

The company has now obtained all the required EBLs to fully develop its 1.3 GW floating offshore wind project in South Korea.

"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."

Turkey relies on Russia for 45% of its natural gas demand, 17% of oil and 40% of its gasoline, Deputy Energy and Natural Resources Minister Alparslan Bayraktar said in remarks on the sidelines of the CERAWeek energy conference.

The Newcastle 5,500 kcal/kg NAR coal with 23% ash hit a fresh record high $295/mt FOB March 9, the highest since the grade was first assessed in August 2017,

Brent were up $2.53, or 2.28%, at $113.67 a barrel, WTI were up $1.64, or 1.51%, at $110.34 a barrel.

U.S. commercial crude oil inventories decreased by 1.9 million barrels from the previous week to 411.6 million barrels.

«Наши отношения носят характер особо привилегированного стратегического партнёрства, лидеры наших стран находятся в постоянном контакте.

Как сообщил вице-премьер, российские компании ТЭК до сих пор не получали письменных обращений от своих иностранных партнёров о выходе из российских проектов.

В России появятся собственные технологии и системы накопления электроэнергии.

Following the meetings, Grossi posted pictures of the talks, giving an upbeat update: "Constructive and important meeting with Sergei Lavrov in Antalya, Turkey, this afternoon. We are making progress on the safety and security of nuclear facilities in Ukaine." "Important and forward-looking conversations with Dmytro Kuleba today in Antalya, Turkey. Progress being made on the safety and security of nuclear facilities in Ukraine."

The company added that the milestone of achieving 100 million degrees Celsius plasma has been verified by an independent advisory board consisting of international experts.

The USA and Ghana have jointly launched a partnership under the Foundational Infrastructure for Responsible Use of Small Modular Reactor Technology (FIRST) programme.

Brent climbed $2.48, or 2.27%, to $111.81 a barrel, WTI were up $2, or 1.89%, to $108.02 a barrel.