The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal.
Oil and Gas
Oil and Gas News
The Italian government is considering financing for international fossil fuel projects that would generate emissions 3.5 times greater than Italy's, Oil Change International warns.
Arch Capital Group (NASDAQ:ACGL) and AEGIS London are the latest insurers to rule out support for the controversial East Africa Crude Oil Pipeline (EACOP) project, which is being developed by TotalEnergies (EPA:TTE) and China National Offshore Oil Corporation (CNOOC).
Just Stop Oil is expected to begin two weeks of action in London from today, with Metropolitan Police urging the public not to take matters into their own hands.
Germany will delay the start of a planned windfall tax for power producers, the Economy Ministry said.
The European Parliament is calling on the European Commission to initiate the coordinated withdrawal of all Member States from the Energy Charter Treaty (ECT).