Category : Search result: Russian oil price cap


US sanctions Russian oil giants, markets volatile

Washington escalates economic warfare with sweeping sanctions against Rosneft and Lukoil, triggering oil price volatility and global supply chain concerns as China trade tensions intensify.

Trump's Russia Oil Sanctions: Will They Work?

The Trump administration's latest move to sanction Russian oil companies raises critical questions about effectiveness, global energy markets, and geopolitical strategy in a divided world.

Petrobras abandons Amazon oil exploration plans

Brazil's state oil giant Petrobras has dramatically halted controversial drilling plans near the Amazon River mouth, marking a significant victory for environmental campaigners ahead of COP30 climate talks.

India denies Trump's Russian oil ban claims

Indian officials have directly contradicted Donald Trump's assertion that New Delhi agreed to stop purchasing Russian oil, creating fresh uncertainty about global energy markets and US-India relations.

Labour's North Sea oil plan sparks industry backlash

Keir Starmer faces mounting criticism over Labour's controversial North Sea oil and gas policy as industry leaders warn of economic devastation and Nigel Farage positions Reform UK as energy industry defenders.

Trump administration auctions Gulf of Mexico for oil drilling

Former President Donald Trump's administration is pushing forward with controversial plans to auction over 73 million acres for oil and gas drilling in the Gulf of Mexico, drawing immediate backlash from environmental groups and setting up a major politic

France seizes Russian oil tanker in Channel sanctions raid

In a dramatic enforcement of EU sanctions, French officials have impounded the Boracay tanker carrying Russian oil products near Cherbourg. The vessel, linked to a sanctioned Russian oligarch, highlights Europe's tightening grip on Moscow's energy exports

Oil Prices Plummet in Worst Weekly Drop Since June

Global oil markets face significant turbulence as prices head for their steepest weekly decline since June, with OPEC+ production cuts failing to offset weakening demand and economic concerns.

Seed Oil Health Risks & Benefits Revealed

New research reveals surprising truths about seed oils like sunflower, corn and canola. Discover the real health benefits and risks in our expert investigation.

French troops raid Putin's shadow fleet tankers

In a stunning covert operation, French special forces have boarded and seized two Russian oil tankers suspected of smuggling sanctioned crude, marking a dramatic escalation in Western efforts to enforce oil price caps.

Energy bill crisis: Act today to save £400

Millions of UK households face devastating energy price hikes this April, but experts reveal simple steps you can take RIGHT NOW to protect your wallet. Discover the crucial meter reading deadline and smart strategies to beat the price cap increase.

Ofgem hikes energy price cap for winter

Millions of UK households face higher energy costs this winter as Ofgem announces significant price cap increase starting October 1st, adding pressure to already strained family budgets.

Energy bills to fall as Ofgem cuts price cap

Millions of British households are set for welcome relief as the energy price cap falls by over £100 this summer, though bills remain significantly higher than pre-crisis levels.

Prax Lindsey Refinery Cuts 140 Jobs

The Prax Lindsey oil refinery announces devastating job cuts affecting 140 workers, raising concerns about the UK's energy sector stability and local economic impact in North Lincolnshire.

Ofgem Price Cap Rise to Push Energy Bills Towards £1,900

Millions of UK households face a devastating winter as the energy regulator Ofgem is expected to raise the price cap, pushing average annual bills towards £1,900. Citizens Advice warns of a 'genuine crisis' without further government support.

North Sea geology blocks oil extraction ambitions

A bombshell geological study reveals that complex rock formations beneath the North Sea could prevent the UK from extracting up to half its remaining oil and gas reserves, dealing a major blow to energy security plans.

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