Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally planned in order to give time to assess the market after […]
Russian missiles, artillery and drones have hammered targets in eastern and southern Ukraine, as global economic powers pledged to beef up Kyiv’s military capabilities with a focus on air defences. The G7 promised on Monday […]
IEA: EU ban on Russian seaborne crude may take 2.4 million bpd off the market. IEA: Total Russian oil production will decline to 9.5 million bpd. European countries are importing more Russian crude ahead of […]
The G7 governments have a problem. The war in Ukraine against Russia is not won. It looks set to be a long grinding conflict, possibly with no end. And yet the world and particularly Europe […]
TOKYO/WASHINGTON – Finance chiefs from the Group of Seven advanced economies agreed Friday to cap Russian oil prices in their latest effort to squeeze Moscow’s revenues for its war in Ukraine while preventing global energy prices […]
G7 finance ministers and central bank leaders voted unanimously to impose price caps on Russian oil at a virtual meeting on Friday. The price ceiling is ostensibly being imposed to limit Russia’s income from energy […]
G7 wants oil price cap on Russian crude installed by December 5th. December 5 is also the date that the EU’s ban on Russian seaborne crude oil imports goes into effect. A price cap on […]
The first half of 2022 is ending with a string of major summits. Meetings of national leaders aren’t usually fateful, but the G-7 summit in southern Germany and the BRICS summit in Beijing are different […]
Prime Minister Justin Trudeau says Canada is looking at expanding energy infrastructure to help Europe over the “medium term” to transition away from Russian oil and gas. Trudeau, speaking to reporters in Elmau, Germany, at […]
More LNG sector investment is needed to respond to the current energy crisis and to aid efforts to phase out Russian gas dependency, G7 leaders have agreed. With global gas prices having reached record highs […]
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