Fuel and energy

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.

The agreement was reached at a meeting in Jerusalem between Israeli Energy Minister Yuval Steinitz and Egyptian Minister of Oil and Mineral Resources Tariq al-Mulla.

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 him, this project is carried out in accordance with European rules and laws.

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.

This was stated by the Acting Minister of Energy Yuriy Vitrenko.

Gas reserves in France (the lowest among European countries in percentage terms) fell below 30%.

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.