Saudi Arabia warns that the world is running out of energy capacity: “I have never seen these things”
A UAE official warned that more investment is needed in the energy sector for OPEC+ to deliver sufficient supplies
Russia sees its oil output falling by up to 17% in 2022
Russian oil output started to decline in March and had fallen by around 7.5% by mid-April
Hungary breaks ranks with EU, says it will pay rubles for gas to Russia
The EU is ready to cut funding to the country over its alleged violation of "respect for rule of law"