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Russia won’t accept $60 price cap on its oil, Kremlin says

Monday, December 5, 2022, 6:55 AM MST

Russia will not accept the $60 per barrel price cap for its crude oil agreed upon by the European Union,…

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OPEC+ pauses as Russia sanctions and China COVID rules roil crude markets

Monday, December 5, 2022, 6:54 AM MST

OPEC+ responded to surging volatility and growing market uncertainty by keeping oil production unchanged. The outcome of the brief online…

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Price cap on Russian oil won’t impact India, oil minister says

Monday, December 5, 2022, 6:52 AM MST

India isn’t worried by a European Union price cap on Russian crude, oil minister Hardeep Puri said, signalling that the…

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German minister pursuing hydrogen in Namibia, South Africa

Monday, December 5, 2022, 6:50 AM MST

German Economy Minister Robert Habeck began a five-day trip to Namibia and South Africa Sunday, part of a push to…

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Oil climbs as China loosens curbs and OPEC+ keeps output steady

Monday, December 5, 2022, 6:49 AM MST

Oil advanced after China made further progress toward reopening, OPEC+ kept output steady, and sanctions on Russian crude kicked in.…

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Oil-rich Abu Dhabi is helping Spain become a green powerhouse

Friday, December 2, 2022, 6:44 AM MST

Spain’s government is backing Mubadala’s local refiner Cepsa SA as the Mediterranean country aims to become Europe’s main green hydrogen…

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Volkswagen begins search for battery plant site in Canada

Friday, December 2, 2022, 6:40 AM MST

Volkswagen AG signed an agreement to begin searching for a battery cell factory site in Canada as it plans a…

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US seeks halt to oil-reserve sales to refill depleted stockpiles

Friday, December 2, 2022, 6:31 AM MST

The Biden administration is seeking to stop sales from the Strategic Petroleum Reserve mandated by Congress so it can refill…

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Oil set for weekly gain as China eases curbs before OPEC+ meets

Friday, December 2, 2022, 6:23 AM MST

Oil steadied but was on track for its biggest weekly gain in almost two months, as China softened virus controls…

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Maduro calls for more sanctions relief after Chevron licence

Thursday, December 1, 2022, 6:59 AM MST

Venezuela President Nicolas Maduro urged the US to ease more sanctions on the country’s beleaguered oil industry, saying a license…

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Biden set to raise refiners’ biofuels quotas in green push

Thursday, December 1, 2022, 6:46 AM MST

The Biden administration is seeking to boost the amount of renewable fuels that oil refiners and importers must blend into…

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Energy chief says OPEC+ should consider fragile global economy

Thursday, December 1, 2022, 6:39 AM MST

OPEC+ should take into account the “very fragile” state of the global economy when deliberating deeper supply cuts during their…

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