The European Union has introduced a ban on imports of refined oil products from Russia on Sunday, stepping up its economic fight against the Kremlin. According to Lauri Myllyvirta, a lead … Read More
Russia, the world’s largest exporter of oil, is losing an estimated €160 million per day due to the combined impact of the European Union’s far-reaching oil embargo and the G7’s … Read More
New York Post may be compensated and/or receive an affiliate commission if you buy through our links. When it comes to oil rigs, no news is good news. Typically, you’ll … Read More
At a gas station outside New York City, retired probation officer Karen Stowe was faced with a pump price she didn’t want to pay. She bought groceries from the convenience store … Read More
Europe and the G7’s agreement to cap Russian oil at $60 per barrel is not supposed to disrupt international oil markets, according to European Commission Vice-President Frans Timmermans. “On the price that was … Read More
European Union countries are nearing a deal to cap the maritime trade of Russian crude oil at $60 per barrel, building upon an initiative by the Group of Seven (G7) to … Read More
The European Union has hit an impasse over a proposed price cap on Russian crude oil, despite a key deadline drawing near and US pressure looming large. Following several rounds of … Read More
President Biden will propose a “windfall” tax on oil companies Monday for banking record profits amid elevated prices at the pump that have hurt Democrats badly in midterm election polling … Read More
Russia will lose the energy battle it is waging against the West, according to Fatih Birol, the executive director of the International Energy Agency (IEA). “Just before the invasion [of … Read More
WASHINGTON — President Biden’s plan to refill the Strategic Petroleum Reserve when oil returns to around $70 per barrel — after releasing 180 million barrels this year to lower gas … Read More
