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Oil

EU aims to exempt maritime pilot services from Russia oil ban

The European Union proposed making so-called pilot services exempt from sanctions targeting the transfer of Russian oil that are set to kick in this...

Oil prices climb above $120 a barrel ahead of EU meeting

Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months, as traders waited to see whether a...

Kremlin says Russian oil embargo would hurt Europe, not U.S.

The Kremlin said on Monday Europe would be hit hard in the event of an embargo on Russian oil, striking the continent's energy balance,...

Oil prices fall as Russia seeks resumption of Iran nuclear deal

Oil prices dropped to their lowest in almost three weeks on Tuesday as Russia indicated it is in favour of the Iran nuclear deal...

Oil price surges to $130 as U.S., Europe consider Russian oil import ban

Brent crude soared near $130 a barrel on Monday, its highest since 2008, as the United States and European allies consider a Russian oil...

Russia sanctions ripple across world markets

World stocks slid, oil prices jumped and the rouble tanked to fresh record lows on Monday, as the West ramped up sanctions against Russia...

Oil drops as OPEC+ agreement raises prospect of more supply

Oil prices recouped some losses on Monday but were still down after OPEC+ overcame internal divisions and agreed to boost output, which sparked concerns...

Oil falls as European lockdowns dim demand recovery hopes

Global crude oil prices dropped approximately 1% on Monday as renewed European lockdowns may raise concerns over recovery in demand for fuel products, according...