Urals has been trading at record-lows in recent weeks, with some deals being done at discount of almost $40/b to the Platts Dated Brent crude oil benchmark.

China’s LNG imports averaged 10.5 billion cubic feet per day (Bcf/d), a 19% increase compared with 2020.

The U.S. Department of Energy (DOE) announced $3.1 billion in funding from President Biden’s Bipartisan Infrastructure Law to make more batteries and components in America, bolster domestic supply chains, create good-paying jobs, and help lower costs for families.

U.S. commercial crude oil inventories increased by 0.7 million barrels to 414.4 million barrels.

"To pay in rubles -- if this is not foreseen in the contract -- is a breach of our sanctions. We have about 97% of all contracts that explicitly stipulate payments in euros or dollars," she said.

An oil price cap is one of a number of proposals being discussed as EU ambassadors prepare for talks in coming days about more sanctions on Moscow — the sixth such package since Vladimir Putin ordered the invasion of Ukraine two months ago.

"As of the end of the business day on April 26, Gazprom Export had not received payments for gas supplies in April from Bulgargaz (Bulgaria) and PGNiG (Poland) in rubles," Gazprom said in a statement.

Shipments of Russian gas via the Ukrainian network have continued unaffected since Moscow's invasion on Feb. 24.

Technip’s involvement in Arctic LNG 2 is likely to be sharply cut beyond June.

In March 2022, China’s government released its 14th Five-Year Plan (2021–25), which sets the domestic natural gas production target at 22.3 Bcf/d by 2025, or 3.0 Bcf/d more than domestic production in 2021.

Along with other systems, power utility infrastructure is getting smarter with built-in sensing and processing capabilities.

The contract, whose price is indexed on gas traded in Louisiana (United States) will start in 2025 and is expected to cover around 3% of South Korea's annual gas consumption.

Combined, Russia's seaborne crude and key oil products exports stood at 6.79 million b/d so far in April, down 640,000 b/d from 7.43 million b/d in February,

U.S. commercial crude oil inventories decreased by 8.0 million barrels to 413.7 million barrels.

Compared to an year ago, China's imports from the Middle East was 5.35 million b/d, accounting for 47.1% of market share.