EU Companies to Keep Buying Russian Gas

The EU has clarified its rules on purchasing Russian gas, allowing payments in euros or dollars without breaching sanctions. This move is seen as a softening of the EU's stance, facilitating continued gas imports. Companies like Italy's Eni and Germany's Uniper are responding by planning to open accounts with Gazprom Bank. Meanwhile, the oil market has paused after recent gains, with the EU's ban on Russian oil and muted production efforts being key factors. Further developments on the demand or supply side, or changes due to the Ukraine war, could influence future price movements.

What currency options did the EU provide for purchasing Russian gas without breaching sanctions?

• Yen or pounds

• Only rubles

• Only dollars

• Euros or dollars

Which Italian energy company is planning to open an account with Gazprom Bank?

• Eni

• Total

• Shell

• BP

What is the current status of the oil market according to the transcript?

• Experiencing rapid growth

• Hitting a pause after gains

• In a state of decline

• Completely stagnant

What is needed for a significant movement in oil prices according to market participants?

• Stable production levels

• Increased sanctions

• A dramatic change in supply or demand

• A decrease in demand

What remains a key focus in the oil market?

• The EU's ban on Russian oil

• Increased production from all producers

• A decrease in global demand

• New oil discoveries