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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.

Last week, the Strategic Petroleum Reserve (SPR) reached its low since 1983. According to federal data published on Wednesday, the drop is due to rising gasoline and oil prices in the United States.

EQT is the largest gas producer in the United States. According to the report, its output dropped by 30% due to the recent low temperatures. The main problem was that the frost hindered the normal functioning of the company's wells located in the Appalachian basin.

Russia's response to the G7 price cap on oil corresponded to the promises previously voiced by state representatives, without having a major impact on global fuel supplies. But the country leaves open for a more decisive move to the EU-imposed price threshold for raw materials.

Finance Minister Anton Siluanov said that Russia would only sell oil at market price to those countries that opposed the price cap.

According to Reuters calculations and data provided by Gazprom, the volumes of gas exported via pipeline from Russia to Europe have decreased sharply in the current year.

As some analysts and investors expect in 2023, gold prices will rise again.

Since the EU imposed oil sanctions on Russian oil shipments by sea, their volume has decreased by 22%. Thus, the indicator fell to 2.5 barrels per day, based on the data from Kpler.