India’s state-run Oil and Natural Gas Corp ONGC.NS said oil output from the Sakhalin-1 project in Russia has bounced back to its plateau level of about 200,000 barrels per day (bpd) from zero, according to a company presentation

Russia is leaning towards leaving oil production volumes unchanged ahead of an OPEC+ policy meeting on June 4 because Moscow is content with current prices and output

The Russian government is considering a possible gasoline export ban to prevent domestic fuel shortages and price increases after a decision to reduce subsidies for refineries

Brazilian President Luiz Inacio Lula da Silva said he finds it “difficult” to believe that oil exploration in the Amazon basin would cause environmental damage to the region’s rainforest, the largest in the world

OPEC Secretary General Haitham Al Ghais said that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth

The US, UK, Denmark and others have warned about the booming practice of unregulated ship-to-ship oil transfers at sea, which increase the risk of pollution

Speaking at a televised government meeting, he also said that Russia had been cutting oil production and it was at the “required level”

Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting in June, its oil minister Hayan Abdel-Ghani said, in the first indication from an OPEC minister about a potential decision as oil prices slide

Equinor and its partners have decided to invest about $9 billion to develop the BM-C-33 gas and condensate discovery off Brazil, the Norwegian company said

U.S. crude oil inventories fell for a third week in a row, while gasoline stockpiles unexpectedly rose last week as demand weakened, the Energy Information Administration said