The Russian government on Monday banned domestic oil exporters and customs bodies from adhering to Western-imposed price caps ...

WASHINGTON, SANA- The International Monetary Fund (IMF) expects a price cap imposed by Western countries on the volume of ...

Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows ...

Oil prices fell on Tuesday as the threat of further interest rate increases and ample Russian crude flows outweighed demand ...

G-7 officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally ...

Russia has been offering Asian buyers shipping and insurance services that inflate the end price of its crude – which is ...

Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other ...

The official stance of the Kremlin is that it will not adhere to the West’s price caps on Russian oil. In reality though, ...

The Biden administration is inclined to oppose any move to lower the price cap on exports of Russian crude oil, despite a ...

EU officials have failed to iron out the details of the price cap of Russian oil products going into effect on February 5 ...

The rationale for the price cap is that with world oil prices ranging between about $70 and $80 the cap will reduce Russia’s income for fighting the war in Ukraine but will be enough above Russia’s ...