Oil prices closed with gains on Friday, but recorded losses for the week as investors await the OPEC+ meeting next week.
Particularly, the US WTI crude for October delivery It gained 26 cents, or 0.3%, to $86.87...
Group of Seven (G7) finance ministers plan to impose a price ceiling on Russian crude oil and oil products, according to a joint statement on Friday, Reuters reports.
"Today, we confirm our common political intent to finalize...
Norwegian energy group Equinor said on Friday it had completed its exit from Russia, fulfilling a promise it made after Moscow's invasion of Ukraine in February to exit the Russian market entirely.
Equinor's move marks the first...
Oil prices closed at a near two-week low as China imposed new coronavirus lockdown measures. Chinese authorities imposed a lockdown on Chengdu, a city of 21 million people, in an effort to control the spread...
LAST UPDATE: 20.36
Russia will stop deliveries of oil and oil products to countries that decide to curb the cost of Russian oil, Russian Deputy Prime Minister Alexander Novak said, according to Russian news agency TASS.
"Regarding the...
G7 finance ministers will hold talks on whether to allow the world to buy Russian oil with a price cap, a move the US says will de-escalate pressures on the energy market while reducing revenue for...
