... the U.S. in Q2 2025) supports optimism; however, economic slowdowns anywhere could cool fuel demand. Filling of Gas Storage Facilities: Europe’s progress towards achieving the 90% filling target for UGS by the heating season and ensuring alternative gas supplies will shape the price situation in the gas market in the fall and winter. OPEC+ Actions: Compliance by OPEC+ countries with planned oil production increases and decisions made at upcoming alliance meetings will influence market balance and oil ...

... capacity by the beginning of each winter season). Additionally, discussions are underway at the EU level regarding new restrictions on Russian gas imports in an effort to finally reduce dependence on shipments from the RF. While fully abandoning Russian gas supplies in the short term is challenging (some countries, such as Hungary, still heavily rely on gas from Gazprom under long-term contracts), building substantial reserves and diversifying sources has notably strengthened Europe’s position as winter ...

On July 26, 2025, the energy sector is experiencing intriguing developments. The price of Brent oil remains stable, contributing to market calm. However, record gas supplies in Europe raise questions about future demand. Additionally, Russia is implementing restrictions on gasoline exports, casting doubt on the global availability of this vital resource. How are these events affecting the fuel market and the energy ...

... market, bypassing American gas. Concurrently, Europe continues its efforts to reduce dependence on Russian energy resources. The import of Russian oil and petroleum products into the EU has effectively ceased due to the existing embargo, while pipeline gas supplies have been reduced to minimal volumes. The European Union is actively developing infrastructure for LNG reception (new terminals are being constructed, and long-term contracts with alternative suppliers are being signed) to replace the volumes ...

... visible effects already observed this year. "For example, in the first three months of 2024, Gazprom Mezhregiongaz's supplies to the domestic market increased by more than 150 million cubic meters per day, which exceeds the current volume of gas supplies to the EU," Tereshkin concluded. Translated using ChatGPT Sourse: https://iz.ru/1752573/sofia-smirnova/topit-svoe-es-narastil-import-rossiiskogo-gaza