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G7 Agrees On Oil Price Cap As Moscow Threatens To Halt Gas Supply To Europe
The G7 group of the most industrialized nations agreed on Friday to finalize and implement a price cap on Russian oil, aiming to reduce Vladimir Putin’s oil revenues for his war chest.
read more... 05/09/2022
IEA raises global oil demand outlook on fuel switching
The International Energy Agency has modestly raised its global demand outlook for this year due to a surge in oil use for power generation and gas-to-oil switching in the wake of soaring European natural gas prices.
read more... 12/08/2022
G7 mulls options to restrict Russian oil profits
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap.
read more... 03/08/2022
Brent oil stalls as market weighs supply disruption, recession fear
Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand.
read more... 05/07/2022
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TotalEnergies to give fuel discounts at French motorways stations
TotalEnergies, under pressure from the French government to do more to help consumers tackle higher energy costs, on Thursday announced discounts on pump prices at French motorway petrol stations.
read more... 30/06/2022