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Chief economist at Euro Pacific Capital is bullish on gold. In his view, gold will climb in the coming year. Now he is even more bullish that demand for the yellow metal will rise.

Many countries began to introduce stricter entry rules for visitors from China to provide epidemiological safety. However, European health officials consider these measures excessive and unjustified.

Oil production growth in leading U.S. oil-producing states has slowed. According to the latest survey by the Federal Reserve Bank of Dallas, the effects of inflation and supply chain problems, as well as overall economic uncertainty, have led executives to lower their expectations.

TASS reports that India has become the main consumer of RF oil. It happened after December 5, when the EC embargoed the sea transportation of oil from the RF.

Germany and Poland are about to halt purchasing Russian oil by the end of this year. In this way, Germany already plans to replace some amount of oil with supplies from Kazakhstan. Poland, however, is not in a hurry yet to make a final decision, at least for the next couple of months.

It is unlikely that gasoline prices in the United States will fall below $3 per gallon this year as oil drives gasoline prices up, as reported by an AAA spokesman.

Next year, according to hedge fund trader Pierre Andurand, the world oil demand at a certain moment will grow by 4% if all anti-COVID restrictions are removed.

Although China continues to fight a rapid surge in Covid-19 cases, economic activity in some cities slowly begins to recover.

As it was stated by the Federal Reserve Bank of Dallas representatives, prospects of further cost increase disturb top managers of U.S. shale companies while they are facing challenges with hiring and retaining workers.

It is reported that TC Energy managed to restart the Keystone oil pipeline three weeks after its shutdown.