Maintain the flow, hit the money: that’s the mantra of the Group of Seven nations as they seek to keep Russian petroleum in ...

Russia’s seaborne crude flows are holding strong, meaning a pledge by the Kremlin to cut the nation's production sharply has ...

The measure is eating into Kremlin fossil fuel export profits and exacerbating a ballooning budget deficit amid Russia's war ...

Group of Seven Nations are not likely to revise a price cap on Russian oil this week, two European Union officials and one ...

The Biden administration is fending off pressure to lower the Russian oil price cap, insisting that it is achieving its ...

Russia’s largest oil firm has signed a term agreement with Indian Oil Corporation to increase the supply of Russian oil to India significantly.

Critics have blasted the Russian oil price cap for being ineffective, with little impact on Russia's war revenue.

A report by the International Energy Agency last week showed that Russian crude oil and petroleum products sold for less than ...

It was a bit more than six months ago when the G-7 announced a novel plan to try and cap the price of Russian oil worldwide.

The G7 was due in mid-March to revise the price cap put in place in December, but the officials said EU countries' ...

Russia still depends on Western insurance for more than half its oil cargoes, suggesting the West still has plenty of ...