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

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

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

Ambassadors of European Union governments on Friday discussed a European Commission proposal to set price caps on Russian oil products from Feb 5, but reached no decision and decided to continue talks ...

The European Union is considering setting a $100 a barrel price cap on Russian diesel to limit the potential fallout on ...

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

WASHINGTON, Jan 11 (Reuters) - Russian oil revenues are falling due to the price cap that Western countries imposed on its crude oil shipments and, ahead of further caps on Russia's oil products ...

Russia's war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag ...

Ukrainian President Volodymyr Zelenskyy said the decision to impose a $60 price cap on Russian seaborne oil can’t be called “a serious decision” as that level is “quite comfortable” for Russia's ...

The EU plan was drawn up following a proposal from the G7 leading democracies to cap the price paid for Russian oil and is now expected to be implemented widely. The G7 and Australia said late Friday ...

China is the elephant in the room with more than a third of world oil demand. When considering the effectiveness of the Russian embargo and price cap one should also remember not to underestimate the ...

Russian oil revenues are falling due to the price cap that Western countries imposed on its crude oil shipments and, ahead of further caps on Russia's oil products, Europe is well positioned to ...