Oil

Gazprom is fulfilling its obligations to the EU on fuel supplies, said Frans Timmermans, executive deputy chairman of the European Commission.

The jump in gas prices in Europe is not due to a shortage of supply, but to a low level of storage capacity, as Deputy Prime Minister Alexander Novak said.

A collapse in oil prices to $24 per barrel by 2050 is possible with the implementation of the most radical decarbonization scenario worldwide.

The commissioning of the Nord Stream 2 gas pipeline will make it possible to reduce gas prices in a few months, Philippe Ledent, a senior economist at the Dutch bank ING, told RIA Novosti.

Alexei Kudrin called for the abandonment of oil and gas money as Russia's main income.

At a hearing in the Senate Foreign Relations Committee, Republican Senator Jim Risch accused the US administration of inaction with regard to Nord Stream 2.

Hungary has excluded Ukraine from the gas transit scheme at the request of the Russian Federation, Ukrainian Foreign Minister Dmitry Kuleba said on Tuesday.

Kiev will turn to the European Commission because of Hungary's contract with the Russian Federation to supply gas bypassing Ukraine, the Ukrainian Foreign Ministry said.

The leader of the Social Democratic Party of Germany, Olaf Scholz, answering a question about Nord Stream 2 at a press conference in Berlin, said that all parties must take on guarantees related to its exploitation.

The European Union and, in particular, Germany ignore the interests of Ukraine and pursue only their own goals, Ukrainian political expert Taras Zagorodny said on the air of the Nash TV channel.

The price of Brent crude oil futures by 4:30 Moscow time on September 24 reached $77.74 per barrel, which is a record level since July 6 this year

The candidate for Chancellor of Germany Annalena Berbock, against the backdrop of the situation with rising gas prices, accused the Russian authorities of seeking through "political pressure" to quickly obtain the remaining permits for Nord Stream 2.

The government decided to raise gas tariffs for industrial consumers in 2022-24 faster than the usual rate of three percent per year, as Kommersant writes.

The first results of the elections in Germany, which will begin on September 26, will be summed up in a week. By this time, the German Federal Network Agency may not have time to approve the launch of the Nord Stream-2 gas pipeline.

Russia has the largest gas reserves in the world, said Gazprom CEO Alexei Miller.