Ukrainian Foreign Minister Andrii Sybiha has called for tougher energy sanctions against Russia after Russia bombarded ...

The US is resisting calls from European governments to reduce the G7 price cap on Russian oil from $60 to $45 per barrel, ...

The G7 Summit commenced with discussions on escalating conflicts in Ukraine and the Middle East. Tensions arose over the ...

The G7 Summit, scheduled to take place from June 15 to 17 in Kananaskis, Canada, will include discussions on reducing the ...

Oil prices have returned to the upside after Monday’s slight decline, with the Israel-Iran war escalating. BP share price ...

Most G7 members are prepared to lower the Russian oil price cap from $60 to $45 per barrel even without U.S. support, Reuters ...

We're going to give them the ability to use G7 services to sell their oil, as long as it's sold under the price cap," he said, adding that strategy was starting to bear fruit. "We've already seen ...

The post, which came as tensions in the region remained volatile, sent oil prices jumping nearly two per cent before trimming ...

If G7 leaders used the cap in conjunction with releasing large amounts from their strategic reserves. They could then sell the new supply of oil at lower prices. But even that strategy would have a ...

This “lower volume, higher price” strategy could keep Moscow’s oil revenues robust while inflicting pain on the G7 price cap architects. Russia also remains an integral member of the ...

G7 leaders this week agreed to pursue a cap on Russian oil imports ... such as through carbon pricing or other climate-mitigation strategies, as well as to help finance poorer countries' energy ...

An oil price cap would ratchet up existing ... China as a concern for the first time in its strategy concept, according to diplomats. read more G7 nations want to crank up pressure on Russia ...