Dutch front-month futures, were 0.2% lower at €66.80 a megawatt-hour by 8:58 a.m. in Amsterdam, after rising as much as 3.1% earlier.

Brent gained 26 cents, or 0.3%, to $86.42 a barrel, WTI advanced 43 cents to $80.76 per barrel.

Dutch front-month futures, Europe’s gas benchmark, were 2.8% lower at €59 a megawatt-hour by 8:29 a.m. in Amsterdam.

U.S. commercial crude oil inventories increased by 8.4 million barrels to 448.0 million barrels.

Brent climbed 76 cents, or 0.88%, to $86.68 a barrel, WTI went up 85 cents, or 1.06%, to $81.03.

The region’s storage sites are around 81% full, some 20 percentage points above the five-year average. That’s providing confidence that Europe will end the winter with inventories over 50% and “more than enough gas to completely replenish its storage by the start of next winter,”

Средняя цена на нефть Urals за период мониторинга с 15 декабря 2022 года по 14 января 2023 года составила $46,82 за баррель, или $341,8 за тонну.

Brent fell 62 cents, or 0.7%, to $84.66 a barrel, WTI was down 51 cents, or 0.6%, at $79.35 a barrel.

The OPEC+ Joint Ministerial Monitoring Committee, on which Mazrouei sits, is co-chaired by Saudi energy minister Prince Abdulaziz bin Salman and Russian Deputy Prime Minister Alexander Novak.

Gas prices may have dropped, but are still almost double their five-year average for the time of year.

Despite the adoption of the Versailles Declaration in March 2022, when leaders of the 27 EU member states pledged to phase out the EU’s dependence on Russian fossil fuels as soon as possible, imports of Russian LNG increased by 12% in 2022 compared to 2021.

Brent had fallen 33 cents, or 0.4%, to $83.70 a barrel, WTI slipped 20 cents, or 0.3%, to $78.19.

Ожидаемый объем недополученных нефтегазовых доходов федерального бюджета прогнозируется в январе 2023 года в размере -54,5 млрд руб.

WTI slipped by 54 cents, or 0.72%, to $74.58 a barrel, Brent fell by 50 cents, or 0.62%, to $79.60.

The Brent crude oil price will average $83 per barrel (b) in 2023, down 18% from 2022, and continue to fall to $78/b in 2024 as global oil inventories build, putting downward pressure on crude oil prices.