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 ...

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if ...

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

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

Russian Deputy Prime Minister Alexander Novak on Tuesday said oil prices are "not appropriate" for most producers, and that oil prices will rise as market shocks are absorbed, Russian state news ...

Leaders of the G7 nations convene in Canada amidst rising global tensions due to ongoing conflicts in Ukraine and the Middle ...

The Brent crude futures contract was up $1.17, or 1.6%, at $74.4 a barrel as at 0005 GMT and US West Texas Intermediate crude ...

The G7's legacy will be measured not by the volume of its communiqués, but by its willingness to act and adapt when it ...

The 27-nation bloc is struggling to meet a self-imposed deadline to cut Russian imports: Coal purchases are now nearly ...

This week, the EU will propose lowering the current price cap (US$60 per barrel) on Russian oil transported by sea at the G7 finance ministers’ meeting. Source: Valdis Dombrovskis, European ...