Oil

Permanent Representative of the Russian Federation to the European Union Vladimir Chizhov called the announcement of large profits of the Russian company Gazprom "another fake".

Russia complies with all contractual obligations on gas, there are certain conditions to increase supplies, Russian Deputy Foreign Minister Alexander Pankin told RIA Novosti.

The international rating agency Moody’s has left the credit rating of Rosneft unchanged

The leader of the European People's Party (EPP) Manfred Weber called on the European Union to invest in liquefied natural gas (LNG).

Gazprom's exports abroad, according to preliminary data, increased by 13.1% over nine and a half months, to 152.2 billion cubic meters of gas, the company said.

The first string of the Nord Stream 2 gas pipeline has been filled with technical gas, and the second is being prepared for this, the operator of the Nord Stream 2 AG project said.

According to the Secretary General of the World Energy Council, the crisis in European energy and in other regions of the world is caused by an unexpected recovery in demand and a redistribution of the market.

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.