*With European countries cutting the buying of Russian oil and gas, US exports of both are surging to record levels. US gas exports hit a record 11.89bn cfd for March, with data intelligence firm Kpler recording a record 7.30mn tons of LNG exports, ahead of Qatar and Australia as the world’s top exporter (MEES, 1 April). The US EIA predicts new gas export records for both April and May (see chart).