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Oil

Oil rises from three-month low after SVB turmoil rattles markets

Oil rose from its lowest close in three months as traders took stock of the outlook for demand amid turmoil in the US banking...

Estonia calls for EU to halve the $60 price cap on Russian oil

The European Union should halve the $60 price cap on Russian oil this month and further squeeze Moscow’s ability to fund the war in...

Russia’s flows to Poland stopped on lack of shipment orders

Russia stopped oil shipments to Poland after pipeline operator Transneft didn’t receive the documents necessary for the crude to be allowed to leave the...

Russia to cut oil output by 500,000 bpd in March

Russia will cut oil production by 500,000 barrels per day, or around 5% of output, in March, Deputy Prime Minister Alexander Novak said on...

Kremlin revenue under pressure as crude price falls on sanctions

The Russian state’s oil revenue came under further pressure as the average crude price the government uses to calculate its taxes dropped to the...

Energy giant ExxonMobil sues EU in move to block new windfall tax

US oil major Exxon Mobil Corp XOM.N is suing the European Union in a bid to force it to scrap the bloc's new windfall...

Putin bans Russian oil exports to countries that implement price cap

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil...

Russia threatens to block oil sales to countries participating in price cap

A new Kremlin decree will ban oil and petroleum product sales to “legal entities demanding compliance in contracts with the price ceiling introduced by...

EU tentatively agrees $60 price cap on Russian seaborne oil

European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group...

US tries to break EU deadlock over Russian oil price cap

U.S. officials have stepped in to try to persuade Poland and other EU countries to agree on a plan to hit Vladimir Putin's war...
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