Oil prices paused on Friday in Asian trading hours, holding on to recent gains fueled by escalating tensions in Iraq but still on track for a weekly loss as geopolitical and supply-side uncertainties ...

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EU approves new Russia sanctions with lower oil price cap

BRUSSELS - The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy ...

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US crude oil, gas reserves fall for 1st time in 3 years

US proved reserves of crude oil and lease condensate totaled 46 billion barrels at the end of 2023, a 3.9% decline from the previous year’s record, th ...

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Nigerian crude oil settles near FG benchmark

The Nigerian crude price rose toward the Federal Government benchmark as drones targeted oilfields in Iraq for the fourth time, ...

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EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto

The breakthrough on Friday was made only possible after Slovak Prime Minister Robert Fico agreed to lift his veto.View on euronews ...

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