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Oil: Losses on the week ahead of OPEC+

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...

Agreement of the G7 Ministry of Finance on a ceiling on Russian oil

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Norwegian energy group Equinor has fully withdrawn from Russia

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 closed at a two-week low with a ‘plunge’ of more than 3%

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...

New energy threat from Russia: ‘We will cut off oil in countries that will impose a ceiling’

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...

On the G7 table is the imposition of a price ceiling on Russian oil

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...