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A sign with the words "Nord Stream" stands in front of the gas receiving station of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL long-distance gas pipeline (Ostsee-Pipeline-Anbindungsleitung - Baltic Sea Pipeline Link). The Nord Stream1 Baltic Sea pipeline, through which Russian natural gas has been flowing to Germany since 2011, ends in Lubmin near Greifswald. After the start of the war against Ukraine, Russia openly threatened for the first time to stop gas supplies through the Nord Stream 1 Baltic Sea pipeline.

Oil, gas, Russia, OPEC—What’s happening in world energy markets?


Samantha Gross, director of the Energy Security and Climate Initiative at Brookings, talks with David Dollar about the state of world energy markets. How does Russia’s war on Ukraine impact Europe’s access to natural gas for the upcoming winter? What effect will new sanctions on Russia’s oil sector have on the war, on Europe, and on global markets? Will the oil production cut announced by OPEC+ raise energy prices around the world? And, is COP27, the upcoming global climate conference in Egypt, expected to produce any major developments?


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