Bloomberg Opec and its allies once again ratified a small monthly increase in production, even as global markets look set to tighten because the European Union is considering banning supplies from Russia. International consumers have called on Saudi Arabia and its partners to fill the gap left by a boycott of Russian crude and help ease the inflationary pain …

  Bloomberg Germany signed contracts to charter four floating terminals to import liquefied natural gas in partnership with utilities RWE and Uniper as it races to reduce its energy dependence on Russia. Shipping companies Hoegh LNG and Dynagas will each provide two of the LNG terminals — which together have the capacity to convert at least 20 billion cubic meters …

  Bloomberg The UK Treasury will get a boost from Big Oil’s tax payments for the first time in years as high energy prices send companies’ profits surging. The payments will come at a time when energy firms are under fire in Britain as their record earnings sit uncomfortably next to soaring cost of living for households. Activists and politicians …