European energy traders rushed to buy up every tanker of Russian LNG they could get their hand on as a gas crisis unfolds, which will be made worse as European bans on importing Russian gas start to go into effect.

Europe buys the most Russian LNG in history, just as first bans on imports come into effect

FSUOGM - Former Soviet Union Oil & Gas
By Ben Aris in Berlin 29 April 2026
Despite threatening to end Russian LNG imports completely next year, prompting the Kremlin to threaten to cut off gas exports to Europe before then, the EU just imported the most LNG in history as it slides into an expanding gas crisis.
Russia has decided to end the delivery of Kazakh oil to the Schwedt refinery leaving Berlin to cast about for alternative supplies to provide its capital with petrol. It has turned to Polish oil ports, but the intervening pipelines meet the Berlin’s demand? The short answer is: no.

Berlin's Kazakh oil fiction is ending and the numbers don't add up

FSUOGM - Former Soviet Union Oil & Gas
By Ben Aris in Berlin 29 April 2026
The Kremlin has announced that it will end a three-year old deal to deliver “Kazakh” oil to Berlin from the start of May, plunging Berlin into a fresh energy shortfall crisis as it scrambles to find an alternative source of crude.
US forces raided the Iranian tanker while at sea on April 24.

Iran slams US seizure of two oil tankers as ‘piracy’

MEOG - Middle East Oil & Gas
By Newsbase MENA syndicate 29 April 2026
Iran condemned the US seizure of two tankers carrying Iranian oil in the Indian Ocean, calling the confiscation of 3.8mn barrels of oil an example of “US addiction to lawlessness” and the “outright legalization of piracy” amid a naval siege.

India’s carbon market gains traction

AsiaElec - Asia Power
REM - Renewable Energy
By IntelliNews 29 April 2026
India has recently told the Carbon Credit Trading Scheme to reduce, remove, or avoid greenhouse gas emissions in the Indian economy by pricing such emissions through the trading of Carbon Credit Certificates.
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