Biden: Russia only has nuclear weapons and oil

Maintenance work at Kazakhstan's largest oil and gas field, “Tengiz”, which started in late October last year, is expected to be completed by mid-January, the Ministry of Energy of Kazakhstan told Interfax. According to the operator, the maintenance will be completed by January 15 of this year, the Ministry said.

US President-elect Donald Trump has pledged to reverse the decision made by current President Joe Biden to ban oil and gas drilling in US offshore areas.

Norway increased its natural gas pipeline exports to Europe by 8% in 2024, reaching a record 117.6 bcm, according to a statement from Norwegian gas transmission operator Gassco. "These volumes account for 30% of Europe's natural gas imports and about 9% of total energy consumption," the statement said.

Europe bought a record amount of liquefied natural gas (LNG) from Russia in 2024, totaling 17.8 million tons, according to The Guardian, citing data from Rystad Energy.