European Gas Consumption Is 24% Below The Five-Year Average

In November, Europe’s natural gas demand was 24% lower than the five-year average for the month, largely due to reduced industrial demand amid high prices. The lower gas consumption could be good news for European governments and utilities scrambling to ensure enough gas supply throughout this winter and possibly have some left in storage to begin stockpiling for 2023/2024 winter.…

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Russia offers oil at discounted rate

Russia has confirmed the availability of 100,000 barrels per day crude oil supply to Pakistan and a delegation from Moscow would visit Islamabad in January to set terms of a deal, including rates and mode of payment, sources said on Monday, days after a Pakistani delegation visited Russia. Minister of State for Petroleum Musadik Malik, who led the Pakistan delegation…

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