A cold snap could test the Texas electric grid and curtail LNG exports. These are predictions made by Kayrros, a geoanalytics company.

According to British journal Lloyd's List, 7 loaded Suezmax vessels sailed from Russia. The price of oil on these vessels complies with a price cap at $60 per barrel, which was set by the Group of Seven (G-7).

Brent oil prices dropped in the second half of 2022 after peaking in June, thereby losing nearly all of its yearly gains. Analysts at Credit Suisse, however, believe the sell-off is likely to keep going.

From January 8, Chinese tourists no longer have to be quarantined after returning from travel, the government announced this week. This has caused an increase in bookings in China, which has been the world's largest outbound travel market since 2019.

As current challenges in the global economy are unlikely to disappear any time soon, long-term investors should consider increasing their gold holdings instead of reducing.

On Wednesday, Finland's first floating LNG terminal arrived at the southern port of Inkoo. In this way, the Scandinavian country will be able to substitute Russian gas supplies.

Dmitry Peskov said that it was Russia’s sovereign right to respond to the oil price cap imposed by the G7 countries. According to the Kremlin spokesman, Russia didn’t discuss its oil cap response with OPEC+.

The latest forecast by the U.S. Energy Information Administration (EIA) shows that in 2022 the spot price of Henry Hub gas will average $6.48

Next year, gasoline prices will likely be much lower. However, on average in the country, they still can exceed the $4 per gallon level.

Recently, PJSC Gazprom held a pre-New Year's conference call on the company's preliminary results for the current year. Chairman of Gazprom's Management Committee Alexey Miller stated that global gas demand has declined by 65 billion cubic meters in 2022.