The widespread disruption on several North Sea platforms that started on Wednesday after crew members staged unplanned walkouts seems to continue on several platforms occupied by Bilfinger UK personnel.

Oil major Chevron booked a significant increase in its quarterly earnings and revenues driven by higher oil and gas prices.

Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into roubles to meet a new requirement set by President Vladimir Putin, Foreign Minister Peter Szijjarto said on Monday.

Russian gas deliveries via three key pipelines into Europe were little changed on Tuesday morning, with physical flows on the Yamal-Europe pipeline at the German border point of Mallnow at zero for a third day.

U.S. President Joe Biden last night announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump.

Europe’s plans to build stocks and ensure gas supplies for next winter could be upended if exports from Russia are halted in a standoff over payment terms, risking curbs on industrial use, analysts warned.

Russia is ready for the possibility that Europe might stop buying Russian energy supplies, the TASS news agency quoted the speaker of Russia’s upper house of parliament as saying on Tuesday.

The Kremlin on Tuesday said foreign companies need to understand that the “economic war” against Russia has changed the situation, meaning they need to buy roubles and pay for gas in the Russian currency, as Moscow seeks to shield itself from sanctions.

Russian Deputy Prime Minister Alexander Novak said on Wednesday that oil supplies by the Caspian Pipeline Consortium (CPC), which ships around 1.2 million barrels per day, may be completely stopped for up to two months due to damaged berths at a Black Sea terminal.

ING Groep NV (INGA.AS) will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit to such a step in the fight against climate change.