Russian President Vladimir Putin has sacrificed an estimated 1 million of his soldiers, killed and wounded, in a three-year ...

The European Union’s efforts to cut the price cap for Russian oil trades are being blocked by a single member state, ...

The European Union is reportedly close to agreeing on a fresh price cap for Russian crude as part of its latest package of ...

Although Slovakia still has a technical reservation on the new cap, it has agreed to the new measures and a full agreement is likely to be reached by all member states before the July 15 foreign ...

European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of ...

The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude ...

The European Union took a tentative step closer to a new price-cap regime on Russian oil that would aim to push the price of ...

Crude oil prices recovered slightly but remain stuck as new U.S. tariffs, OPEC+ supply increases, diesel shortage fears, and sanctions on Russia weigh on sentiment.

Concern about a global oil glut is negative for crude prices. On Wednesday, Russia stated that it is open to another output hike for OPEC+ crude production in August, when the group meets on July 6.

Crude oil and gasoline prices on Thursday rallied mildly due to the decline in the dollar index (DXY00) to a 3-1/4 year low.

U.S. stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude.

President Donald Trump on Monday demanded that "everyone" keep oil prices down or they would play "into the hands of the enemy," as the conflict in the Middle East escalates following U.S. strikes ...