Russia Will Keep a Grip on Germany’s Oil: Elements by Julian Lee

Welcome to Elements, our energy and commodities newsletter. Today, Bloomberg Oil Strategist Julian Lee analyzes Germany’s move to import crude by pipeline from Kazakhstan. Meanwhile, mining’s weak earnings season continues with disappointing results from Rio Tinto; and in California, wild weather is forecast to bring rare snow to coastal hills. If you haven’t signed up to get Elements in your inbox, you can do it here.

Today’s Take: Hand on the Tap

Kazakhstan is set to send its first shipment of crude to Germany through Russia’s pipeline system today in a move that Berlin sees as cutting its dependency on Moscow. It won’t really do ...