Ambassadors of European Union governments on Friday discussed a European Commission proposal to set price caps on Russian oil ...

The European Union is heading for intense talks in the coming days over how to further curb Russian revenues from exports of ...

U.S. Treasury Secretary Janet Yellen said on Friday that the United States and European Union were in the middle of ...

G-7 officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally ...

Brussels is suggesting a $100 per barrel price cap on Russian diesel and another lower cap for other oil products.

The European Union is considering setting a $100 a barrel price cap on Russian diesel to limit the potential fallout on ...

Oil ends lower on Friday as uncertainty over the outlook for the market climbs ahead of an OPEC+ committee meeting and EU ban on Russia oil products.

EU officials have failed to iron out the details of the price cap of Russian oil products going into effect on February 5 ...

Moscow will forbid domestic companies from selling Russian oil under any price cap, and is willing to dial down production to compensate for the lost exports, Russian Deputy Prime Minister Alexander ...

Russia's war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag ...

Russia has been offering Asian buyers shipping and insurance services that inflate the end price of its crude – which is ...

The Biden administration is inclined to oppose any move to lower the price cap on exports of Russian crude oil, despite a ...