Data provided by Argus Media Ltd. indicate the main approach being taken to achieve that — a G-7-imposed cap on the price at ...

Russian officials said the sales to friendly countries have offset the impact of Western oil sanctions imposed since the ...

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

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

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

European Union countries have agreed to put a cap on Russian oil prices of $60 per barrel, bringing an end to days of arguments over how hard to hit Vladimir Putin's fossil fuel revenues. According to ...

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

EU countries on Friday agreed a cap on the global price of Russian petroleum products, ahead of a full import ban on Russian oil products that comes into force on Sunday. Ambassadors agreed to cap the ...

Russia is overhauling how oil companies are taxed, aiming to bolster state revenues by capturing a bigger share of crude ...

Russia’s Energy Minister has said that the country has managed to redirect its oil and fuel exports following the embargoes ...

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.

New sanctions on Russia’s oil exports have come into effect in recent months, including EU bans on seaborne oil imports from Russia and price caps on Russian oil in response to Russia’s continuing war ...