West’s New Oil Sanctions To Have A “More Profound Impact” On Russia

The West’s sanctions on Russian energy exports seeks to hit Moscow harder. (Representational) London: The West’s…

EU Presidency To Convene ‘Urgent’ Talks To Deal With Energy Crisis

Approved by European Commission head, the move comes as the 27-nation bloc. (File) Prague: The Czech…

Oil Gains 1.5%, Posts Another Weekly Rise On Supply Concerns

Oil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions…

China Becomes Biggest Russian Oil Importer Amid Sanctions: Report

China has been Russia’s biggest market for crude oil since 2016. (Representational) Beijing: Beijing’s imports of…

Russia Taking Measures To “Minimise” Effects Of EU Oil Embargo: Kremlin

After Putin sent troops into Ukraine, Russia was hit with sanctions that targeted its economy. Moscow:…

EU Agrees Russian Oil Sanctions, Gives Hungary Exemptions

The ban on seaborne imports of Russian oil will be imposed with a phase-in period of…

Oil Prices Extend Gains After EU Bans Most Russia Oil Imports

European Union leaders agreed in principle to cut 90% of oil imports from Russia by the…

Oil Jumps $5 A Barrel As EU Nears Ban On Russian Oil

Oil prices jumped, as the European Union, the world’s largest trading bloc, spelled out plans to…

Oil Gains 1.5%, Posts Another Weekly Rise On Supply Concerns

Oil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions…

Oil Slides As China Lockdowns Outweigh Proposed EU Russia Oil Ban

Oil prices fell by more than 2% as demand worries stemming from China’s prolonged COVID-19 lockdowns…