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The U.K. has imposed sanctions on Transneft, a major Russian oil-pipeline operator, in a new package of nearly 300 sanctions targeting Russian energy revenues and crude exports. Transneft handles over 80% of Russia's oil exports.

In other news, Woodside Energy plans to produce lower-carbon ammonia in the U.S. amid disappointing demand, while Iranian crude loadings have surged to 27 million barrels as geopolitical risks rise ahead of U.S. nuclear talks. InPlay Oil aims for increased production and debt reduction by 2026. AES and Google have established long-term energy agreements for a data center in Texas.