Russia Demands Rubles for Gas Sales Starting April 1

The transcript discusses Vladimir Putin's directive for foreign buyers to pay for Russian gas in rubles, requiring them to open accounts in Russian banks. It explores the implications for European gas supply, highlighting concerns about storage levels and the need for European prices to remain competitive. The conversation shifts to the US, examining the potential impact of a strategic oil reserve release and the challenges in bridging gaps with Riyadh. The discussion also touches on global oil dynamics, including the role of Iran and shale production.

What is the new requirement for foreign buyers to purchase Russian gas?

• Open ruble accounts in Russian banks

• Pay in US dollars

• Sign a new contract

• Use cryptocurrency

What is the current state of gas storage in Europe?

• 75% full

• 25% full

• 10% full

• 50% full

What is the swing factor in filling the gas supply gap in Europe?

• Russian gas

• Global LNG

• Middle Eastern oil

• Nuclear energy

What is the potential impact of the Monster Reserve release by the US?

• Immediate increase in shale production

• Decrease in US oil prices

• Increase in global oil prices

• Widening spread between T and Brent

What challenge is mentioned regarding the outreach between Washington and Riyadh?

• Increased oil production

• Lack of communication

• Failed outreach

• Successful negotiations