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 role does global LNG play in the European gas market according to the discussion?

Discuss the potential impact of the U.S. President's actions on European gas supply.