The EU is seeking a deal with the U.S. on critical materials for the energy transition, following a similar deal with Japan, while concerns about Biden's IRA subsidies continue to grow among the U.S.'s economically close partner countries.

Sinopec becomes the first Asian shareholder in Qatar's North Field East project, the world's largest gas field, by acquiring a 5% stake. The project aims to increase Qatar's annual liquefied natural gas (LNG) production and strengthens relations between China and the Gulf country.

Russia is beginning to export fuel to Iran by rail to circumvent Western sanctions. Although bottlenecks are encountered along the road, rail transport represents a promising new avenue for expanding economic cooperation between the two countries.

Hungary and Russia agreed to amend contracts for the expansion of a nuclear power plant, as well as to sign two agreements on gas and oil during the visit of the Hungarian foreign minister to Moscow. The controversial project is 80% financed by a Russian loan of 10 billion euros.

ICJ rejects Venezuela's objections in a territorial dispute with Guyana over the Essequibo. The court may now proceed to hearings on the merits of the case.

The sabotage of the Nord Stream gas pipelines remains mysterious, according to the Swedish prosecutor who is leading the investigation, with the assumption that a state is responsible. The attack remains linked to Russia's invasion of Ukraine, although those responsible are not yet known despite ongoing investigations in several countries in the region.

Oil prices are holding steady despite OPEC+ production cuts, with concerns about global economic growth limiting the surprise effect. Analysts are awaiting the release of U.S. commercial inventories for the week ended March 31.

IAEA Director Rafael Grossi travels to Russia to secure the Zaporizhia nuclear power plant in Ukraine, which has been fired upon several times. Russia says it is ready to work on the implementation of Mr. Grossi's proposals to ensure the safety of operations.

TotalEnergies and the Iraqi government have confirmed the terms of the contract for the development and production of the GGIP project, with Basrah Oil Company holding 30% and QatarEnergy 25%. The $10 billion project aims to improve Iraq's electricity supply.

The U.S. and EU are strengthening their cooperation to accelerate the green transition and ensure energy security. They have committed to maintaining a high delivery of U.S. liquefied natural gas to Europe in 2023.

White House National Security Council spokesman John Kirby said the U.S. wants to continue working with Saudi Arabia, despite the decision by some oil-producing countries, including the Saudi kingdom, to cut production. Kirby emphasized that while the two countries do not agree on everything, they are finding ways to work together on important issues.

Opec+ members have reduced their oil production, causing prices to soar. This decision strengthens the Russian-Saudi couple and puts the United States in difficulty.

Russia and other major oil producing countries have announced production cuts to maintain global prices. These declines caused oil prices to jump on Monday morning, good news for Russian finances.

Oil prices rose after eight OPEC+ countries announced a voluntary cut of more than one million barrels per day through the end of the year, signifying an actual reduction in supply and a tightening of the market. Brent and WTI prices recorded their strongest increases in a year.

Chinese oil giants Sinopec and Cnooc have seen profits rise in 2022 due to the war in Ukraine and the global economic recovery, despite slower growth expected in 2023, while China continues to increase its gas imports from Russia.

The nationalization of Esso Chad's assets, contested by Savannah Energy PLC, has been voted by the Chadian transitional parliament.

Denmark carried out an operation to recover a suspicious object. This object, a smoke buoy, would be linked to the sabotage of the Nord Stream gas pipelines, which took place last September.

The Siberian Force 2 pipeline project, which aims to link Siberia to China's Xinjiang, is considered vital for Russia in its quest for new markets in Asia. But China, now the largest buyer of Russian energy products, remains cautious about its involvement in this project.

Russia and China continue their energy cooperation with the Siberian Force 2 pipeline project. This ambitious initiative aims to deliver 98 billion cubic meters of gas to China by 2030, strengthening ties between the two countries.

The Norwegian Supreme Court has ruled in favor of the Norwegian state in a sensitive case over exclusive fishing rights in the Arctic.

Since the Russian offensive against Ukraine, Sino-Russian trade relations have been booming, with a record $190 billion in bilateral trade by 2022. However, experts warn of the risks of an unbalanced and weak relationship for Russia.

The shareholders of the Nord Stream 1 pipeline operator are considering the issue of repairing the damaged pipeline. Following an alleged sabotage, the value of E.ON's stake fell to zero. The operating company is looking for ways to seal and drain the pipeline to limit corrosion caused by seawater.