Page 1 - FSUOGM Week 02 2023
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Issue 1209             11•January•2023                     Week 02






                    ™      Kremlin loses energy war


                            Moscow seems to have lost the war to press Europe this winter to make
                            concessions on Ukraine with energy as a weapon.


                    ™      als slumps
                            Ur

                            Russia's flagship Urals crude blend is now trading at half the price of the Brent
                            blend.

                    ™      Azeri denials


                            Azerbaijan has denied re-exporting natural gas from Russia to Europe.

                    ™      Kazakh exploration push


                            Kazakhstan is investing in exploration in the hope of attracting investors to
                            projects at a later point.
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