EU countries will seek a deal on Friday on a European Commission proposal to set price caps on Russian oil products, after ...

International Energy Agency (IEA) chief Fatih Birol said on Wednesday he does not expect major problems or disruptions from a ...

Since February 1, Russia has formally banned the export of Russian oil to foreign legal entities and individuals who directly or indirectly use the price cap mechanism in contracts. If a price cap ...

I n december the West took aim at Russian oil revenues, unleashing the biggest package of energy sanctions ever imposed on a single country. Europe, which had been a big buyer of Russian seaborne ...

After delaying a vote on Wednesday due to disagreements among member states, member nations of the European Union are hoping to strike a deal on a price cap for Russian oil products this Friday ...

Russia’s ban on oil exports to countries and companies that adhere to a Western price cap aiming to constrain the Kremlin’s ...

Russia’s oil companies have been ordered to comply with a decree banning exports of Russian oil and oil products under price ...

Russian oil companies as of Wednesday have been banned from selling oil and petroleum products if the text of a contract contains the price cap conditions set by the G7 countries. The corresponding ...

The International Monetary Fund (IMF) expects a price cap imposed by Western countries on the volume of Russian oil exports ...

The West is preparing to impose a cap for products such as diesel and one on low-value products like fuel oil.

European Union countries have agreed to put a cap on Russian oil prices of $60 per barrel, bringing an end to days of arguments over how hard to hit Vladimir Putin's fossil fuel revenues. According to ...

Earlier this year, the EU agreed sanctions banning imports of Putin's oil by sea. G7 countries and Australia have also banned crude imports. The ban coincides with the introduction of a $60 price cap ...