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Consumers increased gas consumption above the five-year average in the last full week of September, the regulator says German households and small businesses raised their natural gas consumption by 14.5% above the five-year average in the week from September 19 to 25, according to Germany’s energy regulator, the Federal Network Agency.

The G7’s upcoming anti-Russia sanctions will target oil and petrochemicals in three phases, senior US Treasury official Ben Harris told the Argus European Crude Conference in Geneva on Tuesday. According to Harris, as cited by Reuters, the sanctions will tackle Russian crude oil, then focus on diesel, and finally lower value products such as naphtha.…