Oil

The head of Gazprom, Alexei Miller, in a letter to Prime Minister Mikhail Mishustin, estimated the costs of the company when switching to Russian software at an amount starting from "180 billion rubles."

Since the beginning of 2021, the cost of delivering Russian gas to China via the Power of Siberia gas pipeline has dropped to a minimum - below $ 120 per thousand cubic meters.

The Kremlin proceeds from the assumption that the government keeps the situation with fuel prices under control and will not allow a sharp rise.

Traders are trying to make money on low prices after a prolonged sell-off.

Russia exported 32.83 million tons of oil to distant foreign countries, which is 21.6% less, than in the same period in 2020.

The deal is valued at more than $1 billion and has the potential to grow by another $300 million.

Analysts believe, that the reason is uncertainty about the recovery of fuel production in the United States.

Colds are depleting gas reserves in Europe, where 55.5 billion cubic meters have already been taken from underground storage facilities, which is 27.6% more than in the entire last winter.

The US will not include German companies in the list of sanctions against Nord Stream 2. Bloomberg reports this with reference to informed sources.

According to the statement of the Russian Deputy Foreign Minister Sergei Ryabkov, the Nord Stream 2 project will be completed, and US sanctions will not prevent it.

The acceleration of the climate agenda in the developed countries of the world is fraught with their rejection of Russian oil and gas. Ruslan Edelgeriev, Advisor to Russian President Vladimir Putin on Climate.

The German and US authorities have not yet held direct negotiations on the Nord Stream 2 gas pipeline, the Handelsblatt newspaper reports, citing a statement from the German Economy Ministry.

As the head of the German-Russian forum Matthias Platzeck said, the economic damage due to Berlin's possible abandonment of the Nord Stream 2 project would be enormous, but the damage to political relations between the countries "cannot be measured at all."

The price of Brent crude oil rose above $60 per barrel for the first time since January 2020.

This happened for the first time since January 24, 2020.