The sources said all the elements of the package had been agreed, although one member state still has a technical reservation ...

The European Commission has proposed a floating price cap on Russian crude oil set at 15% below the average global market price over the previous three months, European Union diplomats said on July 11 ...

Despite lagging behind so far this year, the overall energy sector managed to outperform the wider market this week with ...

EU diplomats said the floating cap would be recalibrated every three months based on the 10-week average of global prices, ...

In its next sanctions package, the European Union is planning a mechanism to dynamically adjust the price cap on Russian oil in response to market fluctuations, Bloomberg reported on July 11.

The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 ...

If the Trump administration's decisions on ecomonic sanctions moving forward are consistent with the harsher-than-expected tariff rates we've seen announced this week, then there is a "small but poten ...

The European Commission has suggested a floating price cap on Russian oil, targeting 15% below the average market price over ...

The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude ...

New Delhi: Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India’s purchases of Russian crude ...

The EU's top diplomat on Friday (July 11, 2025) slammed Russia's latest blitz on Ukraine as "unacceptable", saying the ...