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Moscow has pledged to reduce output by 500,000 barrels per day in response to Western sanctions The average four-week seaborne shipments of Russian crude in the period to May 5 jumped by 180,000 barrels per day (bpd) to 3.63 million bpd, the highest leap since the start of 2022, when Bloomberg began tracking the flows…

The European Commission has published its first international tender for the collective purchase of liquified natural gas (LNG) through a new EU mechanism, its vice-president for interinstitutional relations, Marosh Shefchovich, said on Wednesday.