The Latest Breaking News from Oil

Slovakia also wants exemption despite Ursula von der Leyen saying crude must be prohibited in EU within six months

With six months to go until the 2022 midterm elections, the economic indicators continue to deteriorate for Democrats. While unemployment remains low and the economy continues to grow (except for a recent hiccup that few take seriously), inflation is up dramatically, and interest rates are spiking.

London’s Elizabeth line finally launching, while German exports to Russia fell nearly two-thirds in March and climate activists have disrupted two bank AGMs

‘Today, we will propose to ban all Russian oil from Europe,’ says Ursula von der Leyen

The EU chief concedes that that getting all 27 member countries — some of them highly dependent on Russia for energy supplies — to agree on oil sanctions will be extremely difficult.

The European Union's chief executive on Wednesday proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning Russia's top bank and banning Russian broadcasters from European airwaves, in a bid to deepen Moscow's isolation. The plan, if agreed by EU governments, would mark a…

Environment secretary passes on advice to help people ‘manage household budget’

European Commission President Ursula von der Leyen has called on the bloc to ban oil imports from Russia by the end of the year in a sixth package of sanctions targeting Moscow for its war in Ukraine.

EU Commission President Ursula von der Leyen says the EU could stop importing crude oil in six months and phase out refined products by the end of 2022 in the sixth round of sanctions against Moscow

The European Union’s leader has called on the 27-nation bloc to ban oil imports from Russia in a sixth package of sanctions targeting Moscow for its war in Ukraine

Libya's east-based parliament appointed Prime Minister Fathi Bashagha called on Tuesday British leaders to help remove the mercenaries of Russia's Wagner Group from his country. In an article published by The Times newspaper, Bashagha declared his desire for a strategic partnership with Britain at the business, security and intelligence levels.…