Ukraine has expressed strong support for US President Donald Trump's push to reduce oil prices, emphasizing its importance for global security. Andriy Yermak, head of Ukraine's presidential office, proposed a $30-per-barrel cap on Russian oil on Thursday, aligning with Trump's idea to cut costs and...
Russian Deputy Prime Minister Alexander Novak stated on Wednesday that the country's current stockpile exceeds that of the previous year."We have a sufficient volume of reserves, they are higher than in previous years. We will continue to monitor the situation," he said while delivering a speech on...
Venezuela's oil minister, Erick Perez, stated on Wednesday that the country is currently producing 850,000 barrels per day (bpd) of oil and hopes to reach 1 million bpd soon.
The remark comes after the US decided last month to suspend the sanctions imposed on the country's oil and gas sector...
Russian President Vladimir Putin called on the government to consider regulating fuel oil prices during the upcoming heating season, the Kremlin stated in a document published on Thursday.
According to it, Putin instructed the national government to provide resources from the federal budget for...
The International Energy Agency (IEA) remarked in its Oil Market Report (OMR) published on Wednesday that Saudi Arabia's decision to extend its crude output cut of one million barrels per day (bpd) until the end of the year introduced "the risk of another surge" in price volatility "that would be in the...
French Economy and Finance Minister Bruno Le Maire praised on Tuesday TotalEnergies SE's decision to keep a price cap on its products beyond December 31.
"It is good news for all the people who work and for the purchasing power. I would like that other distributors join the movement," the...
Russian Deputy Prime Minister Alexander Novak (pictured) stated on Wednesday that his country will present its response to the sanctions the European Union introduced on its oil products in March.
Novak told reporters that Moscow needs time to first examine the full grasp of the bloc's sanctions...
United States Deputy Treasury Secretary Wally Adeyemo (pictured) said Friday that Group of Seven officials had agreed to audit the maximum price level for Russian oil exports in March.
"The Deputies agreed that this approach will better calibrate the price cap policy for refined products, given the...
Kremlin Press Secretary Dmitry Peskov stated on Wednesday that it is too early to estimate the full effect of the price cap some countries and alliances introduced on Russian oil and gas products after it was reported the Euroasian country suffered huge financial losses due to that decision.
His...
White House communications coordinator John Kirby (pictured) stated Friday that the United States welcomes the achievement reached today by the European Union (EU) on capping Russian oil prices.
His remarks come minutes after it was known that the EU could officially go ahead with a written...
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