Higher oil prices are making Russia richer — but not helping its economy grow, Goldman says

Russia has emerged as one of the few winners from the recent disruption to global oil markets amid the war in Iran.

EU may keep Russian oil price cap unchanged at $44 per barrel to pressure Moscow

By Julia Payne BRUSSELS, June 1 (Reuters) - The European Commission may propose leaving the G7 price cap on Russian crude ...
Politico Europe

EU proposes freezing Russian oil price cap to prevent windfall for Kremlin’s war chest

EU Commission President Ursula von der Leyen made the announcement as she presented the bloc’s 21st package of sanctions on ...

Malaysia’s hunt for Russian oil tests Anwar’s ‘friends with all’ policy

Malaysia’s search for alternative crude supplies is complicating Prime Minister Anwar Ibrahim’s “friends with all” foreign ...
OilPrice.com

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions

Indian FM Jaishankar says the U.S. told India to buy Russian oil in 2022 to stabilize markets, calling Western sanctions ...

‘Let’s not pretend’: Jaishankar says US asked India to buy Russian oil, slams Europe’s moralising

External Affairs Minister S Jaishankar said India’s Russian crude purchases were driven by price, availability and disrupted ...
Crypto Briefing

Russia’s crude output falls to lowest in a year as Ukrainian drone strikes hammer oil infrastructure

Russia's crude oil output fell to 8.8 million bpd in April, down 460,000 bpd year-on-year as Ukrainian drone strikes disabled ...

US Waiver On Russian Oil Ends: Will India Raise Fuel Prices Again?

Fuel Price Hike: India imports more than 85 per cent of its crude oil needs. Any sustained increase in oil prices directly ...

US sought India's Russian oil buy to steady markets, then imposed tariffs: Jaishankar

Jaishankar defends India's Russian oil purchases as a strategic move to stabilize global markets amidst evolving geopolitical ...

Finland FM defends India's Russian oil purchases, says imports were within price cap rules

Finnish Foreign Minister Elina Valtonen said India acted within the framework of the Western oil price cap on Russia, ...
OilPrice.com on MSN

A War of Words Sends Brent Crude to a Two-Month Low

Oil prices slid to a two-month low as conflicting signals from Washington and Tehran fueled uncertainty over a potential U.S.-Iran deal, keeping traders on edge throughout a volatile week.