Oil

The Ministry of Energy and Mining of Ecuador warns that oil production in Ecuador could be halted in two days due to protests in the country.

German Chancellor Olaf Scholz said that no one in the EU believes in Gazprom's version of the technical reasons for the reduction in gas supplies via Nord Stream 1.

The German Ministry of Finance plans to nationalize the Nord Stream 2 section passing through Germany.

The Minister of Economy and Climate Protection, German Vice-Chancellor Robert Habeck said that in the event of a shortage of gas, a number of industries will have to stop working.

Britain has significantly reduced the volume of gas and oil imports from Russia, said the Minister for Business, Energy and Industrial Strategy of the Kingdom of Kwazi Kwarteng.

The Financial Times doubted the validity of the annual scheduled maintenance of the Nord Stream.

Russia in the coming weeks may suspend the supply of gas and oil to the Czech Republic. This was stated by the Prime Minister of the Czech Republic Petr Fiala, TASS reports.

FAZ: Germany to Declare a State of Emergency over Gas Supplies on July 8

Biden: U.S. Needs to Refine More Oil

Ecuador is probably to suspend the export of its oil because of the protests in the country.

Prices of Brent oil rose to Brent Oil Prices Rose to $115.24 per Barrel on Tuesday.

China in May increased oil purchases in Russia by about a quarter compared to April, the monthly volume of supplies became a record, 

Prices of Brent oil fell to $119.2 per barrel today.

Media: India Proposes to Trade with Russia in Rupees for Oil and Arms Procurement

U.S. Proposes to Mitigate Possible Consequences of Ban on Insurance of Ships Carrying Russian Oil