... sources. China is increasing oil imports from Middle Eastern and African countries, as well as boosting purchases of Russian crude, taking advantage of pricing discounts on Urals oil. A similar picture is seen with natural gas: significant volumes of LNG are being delivered to China from Qatar, Australia, and the spot market, bypassing U.S. gas. Meanwhile, Europe continues its course to reduce dependence on Russian energy resources. Imports of Russian oil and oil products to the EU have effectively ceased due to the ongoing embargo, and pipeline gas supplies have been reduced to minimal levels. The European ...

... activity in China, the U.S., Europe, and India—will determine consumption dynamics for oil, gas, and electricity. Strong data (e.g., U.S. GDP growth of ~3% in Q2) supports optimism, while economic slowdowns may dampen fuel demand. Gas Storage Filling. Europe’s progress towards achieving the 90% filling goal for gas storage facilities before the heating season, alongside securing alternative gas supplies (e.g., through LNG), will define the situation in the gas market this fall and winter. Adequate reserves can mitigate prices, whereas delays in schedules or supply disruptions may return volatility. Actions by OPEC+ and Production Levels. The fulfillment of OPEC+ countries' ...

... between the largest economies. Long-term risks: Increased protectionism on both sides threatens global supply chains. #TradeWars #Europe #USA #Economy #Tariffs The European Commission has declared its determination to continue efforts aimed at fully halting ... ... instability. The European Commission continues to develop alternative supply sources, including expanding liquefied natural gas (LNG) imports and efforts to diversify supplies as part of its energy transition strategy.

... financial and banking sectors, industry, IT, and gas sectors (e.g., bans on LNG technology supplies and sanctions against Arctic LNG). However, their efforts to curb Russian oil exports have faced challenges from the start. Perhaps initial decisions were ... ... barrels per day, comparable to 2021 levels. The price cap is not effective, as noted by officials not only in Russia but also in Europe and the U.S. For over a year, Urals prices have been above $60 per barrel, influenced by global benchmarks and the discount ...

... revenues. Physical gas sales volumes for the half-year are estimated to have decreased compared to previous years (especially in Europe), but cash revenues have only slightly increased due to price factors. Oil and gas condensate sales contributed relatively ... ... expansion of the capacity of the Power of Siberia, which will enhance export volumes. Simultaneously, the company is developing the LNG direction: while the major contribution in 2025 remains modest for now, LNG sales in the global market could somewhat compensate ...