Russian energy giant Gazprom on Monday cut its gas supplies to Italy by a third, Italian fuels giant Eni said.
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Oil edged lower on Monday as fears of a global recession that would hit demand overshadowed concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia, according to Reuters.
The Russian embassy in Libya will resume work from inside the country soon, Russian Deputy Foreign Minister Mikhail Bogdanov told reporters on Friday.
The United States has announced new sanctions against Russia for its invasion of Ukraine, Associated Press reported.
The Russian Defense Ministry announced on Sunday that it destroyed a Ukrainian warship near Odessa in a missile strike during the night.
French President Emmanuel Macron announced Thursday that his country will give Ukraine an additional 300 million dollars, which means increasing its total aid to 2 billion dollars.
OPEC+ ministers are set to meet on Thursday and are expected to agree to raise production targets by 432,000 barrels per day (bpd) for June, four OPEC+ delegates told Reuters.
The Kremlin announced Wednesday that halting natural gas supplies to Poland and Bulgaria over the refusal to pay in rubles was a response to unfriendly steps towards Russia, and that it is not practicing blackmail.
The Russian Foreign Ministry said that Foreign Minister Sergei Lavrov will hold talks with United Nations Secretary-General Antonio Guterres, who will arrive in Moscow on a working visit on Tuesday.
Oil prices rebounded, on Wednesday, from sharp losses in the previous session as concerns over tightening supplies from Russia and Libya dominated, while industry data showed a decline in US crude stocks last week.