Russia Resumes Oil Exports to North Korea After Long Pause

Russia resumed oil exports to North Korea in December, the first since 2020 as the two countries deepen ties. 

Venezuela, Iran Ink 25 Deals During State Visit

Venezuela and the Islamic Republic of Iran signed 25 deals across different development areas, including petrochemicals, during an official visit by Iranian President Seyed Ebrahim Raisi to Caracas.

European Union Will Tackle India's Concerns on Carbon Tax, Official Says

Last month, the EU approved the world's first plan to impose a levy on imports of high-carbon goods in 2026, prompting India to warn it would complain to the World Trade Organization.

Record US Exports, Rising Shale Output Boost Oil Flows

U.S. crude exports climbed to a record of about 4.5 MMbbl/d in March, spurred by recovering Chinese demand and competitive pricing for U.S. oil. 

Iranian Fuel Being Smuggled to Pakistan, Dealers Say

The Pakistan Petroleum Dealers Association said that in the past, the smuggling of fuel was limited to the Pakistani province of Balochistan, but that it has now spread to the rest of the country.

Repsol CEO Asks EU to Stop Imports of Russian Diesel to Europe through Third Destinations

Repsol CEO asks the European Union to enforce sanctions on Russia, prevent diesel imports from routing through third countries. 

US Warns Companies Over Russian Oil Price Cap Evasion

The U.S. Treasury said it is aware of reports that a pipeline and other crude oils exported via Pacific ports may be trading above the $60 price cap imposed on Russia by Western countries and that U.S. entities may have unknowingly provided services for those trades.

Mexico Buys Iberdrola Power Plants for $6B in 'New Nationalization'

Mexico's deal with Iberdrola comes as the government is entangled in a dispute over its energy policy with the U.S. and Canada.

Europe Won’t Be Dependent on Russian Oil and Gas Again, Official Says

The invasion of Ukraine convinced Europe to shift away from Russian oil and gas, energy official says at CERAWeek.

US Natgas Up 3% go 5-Week High on Record LNG Feedgas, Colder Weather Forecasts

U.S. natural gas futures for April rose 2.5% to $2.834/MMBtu, up 6.9 cents.