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The focus is on the data on oil rigs from Baker Hughes and speculative positions on oil and gas, gold and silver.

Kyodo Agency reported Japanese companies extended the insurance period for ships in Russian waters. Earlier, the media noted that Japan was about to refuse providing insurance services to marine vessels in waters around Russia.

On the European exchange ICE owning the Dutch hub TTF the gas prices fell by more than 2% below the point of $860 per cubic meter.

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+.