German Chancellor Olaf Scholz said on Thursday he is pleased that Italy and Germany have agreed to push ahead with work on the construction of a pipeline to transport gas and hydrogen between the two countries.
Russia's piped supply of Urals crude to the European Union (EU) via the southern Druzhba pipeline in June is set to increase by 16% compared to May as EU refiners seek to secure more oil amid fears of disruptions in transit via Ukraine, two sources said.
The Canadian government-owned Trans Mountain Corp (TMC) has filed a regulatory application for tolls on its 590,000 barrel per day (bpd) pipeline expansion to Canada's west coast, noting shipping fees would increase if project costs mount.
Russia's Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas (LPG) because of concerns linked to drone attacks, three sources with knowledge of the situation told Reuters on Friday.
Venezuela's oil exports fell 14% in May from the previous month as crude upgraders at its main oil region produced less exportable grades and state-run oil firm PDVSA struggled to replenish inventories, according to shipping data and documents.