According to preliminary data, Gazprom produced 376.9 billion cubic meters of gas from January through November 2022. This is a decrease of 19.4 per cent (or 90.8 billion cubic meters) versus the same period of last year.

In June the EU announced that, come December 5th, it would ban imports of Russian seaborne crude oil, which accounted for 2m barrels per day (b/d), or about 40% of Russia’s total crude exports, a year ago.

Средняя цена на нефть марки Urals в январе-ноябре 2022 года сложилась в размере $78,32 за баррель, в январе-ноябре 2021 года - $68,66 за баррель.

Gas prices are four times higher than normal for this time of year, fueling inflation and hurting economies.

Стороны обсудили перспективы взаимодействия в нефтяной и газовой сферах, в том числе связанные с поставками углеводородов.

«Хотел бы особо отметить позицию дружественного нам Китая, который последовательно выступает категорически против односторонних санкций. Надеемся, что КНР продолжит занимать независимую позицию в данном вопросе», – добавил Александр Новак.

With Russia cutting most of its gas supplies to Europe in the fallout over Moscow’s war in Ukraine, the continent is set to delve further into its stockpiles that it has spent months accumulating.

The EU aims to end its reliance on Russian fossil fuels by 2027. For now, Moscow’s move to halt supplies through the main Nord Stream 1 pipeline has led the bloc to increase shipments of Russian seaborne gas by around 50 per cent.

The European Union needs additional funds to decouple from Russian gas and shield companies and households from the current energy crisis,

OPEC+ agreed on Oct. 5 to slash its production quotas by 2 million b/d starting in November, saying it was a "technical decision" aimed at averting the impact of a potential global recession.

The 27 EU member states are trying to hammer out an agreement that can be implemented by the end of the year. The commission on Tuesday proposed to limit the price of the upcoming contract on the TTF market. TTF accounts for around four-fifths of gas trading in the bloc.

Despite having already spent hundreds of billions of euros ensuring storage sites are filled this winter and providing support to households and businesses, the strain on public funds as well as pain for households and businesses are likely to continue next year.

China and India now purchase two-thirds of all the crude exported by sea from Russia; at least half of the crude exported by pipeline from Russia also goes to China.

Failure to reach a deal would send a signal that the EU’s united response to the war-driven energy crisis is falling apart -- a political gift for Moscow that Europe is keen to avoid.

С обеих сторон дана положительная оценка совместной с участием России и Ирака работе в рамках «ОПЕК плюс», позволяющей обеспечивать стабильность мирового нефтяного рынка.