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Russia's natural gas production rose 1.7% year-on-year to 49.8 bcm in August, according to Rosstat data cited by Interfax. * Total production from Jan-Aug 2026 was at 446.5 bcm, up 3.4%, or 14.7 bcm on the year. * Russia produced 663 bcm of gas in 2025, compared with 685 bcm in 2024. The current medium-term macroeconom
European gas has followed oil lower this week on hopes that diplomacy on the sidelines of this week's UN gathering will result in a reopening of the Strait of Hormuz. In contrast, US prices are sharply higher due to cut backs in production to their lowest since July due to the current "shoulder season". * President Tru