Russia will not resume natural gas supplies to Europe through the Nord Stream 1 pipeline unless sanctions are lifted, according to statements made this week. The pipeline is the single biggest pipeline for gas from Russia to Europe and has the capacity to deliver 55 billion cubic meters of gas a year, amounting to 10% of total demand. Oil prices fell more than $1 per barrel on Wednesday to their lowest in over 7 months, largely driven by fears of rising interest rates and the impact a. broader global economic recession will have on fuel demand. Brent crude futures fell 1.2% to $92 per barrel. The move counteracted the rise seen on Monday as the OPEC+ cartel decided to cut…