Russia Oil

• Russia, Saudi Arabia cut oil supply again to raise price

  Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up price to boost income from the fossil fuel.

  World

  Jul 3, 2023
  
• Russia moves to cut oil production over western price caps

  Russian exporter Gazprom has cut off most supplies of natural gas to Europe, citing technical issues and refusal by some customers to pay in Russian currency.

  World

  Feb 10, 2023
  
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• Europe bans Russian diesel fuel, other oil products: ‘Deny Putin money for his war’

  Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow.

  World

  Feb 5, 2023
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• Putin bans Russian oil exports to countries that impose price cap

  The decree, which includes a clause that allows for Putin to overrule the ban in special cases, stated: "This...comes into force on Feb. 1, 2023, and applies until July 1, 2023."

  Politics

  Dec 27, 2022
• OPEC+ oil targets unchanged as Russian price caps spark uncertainty

  The Saudi-led OPEC oil cartel and allied producers did not change their targets for shipping oil amid uncertainty about the impact of new Western sanctions against Russia.

  World

  Dec 4, 2022
• Seaborne Russian oil will be price capped at US$60 a barrel, EU nations say

  Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on their insurance take effect.

  World

  Dec 2, 2022
• Diesel prices in Nova Scotia down 16 cents after weeks of increases

  Pump prices for diesel went down by 16.4 cents overnight in Nova Scotia, to $2.24 per litre minimum. The cost of gas was unaffected.

  Canada

  Oct 22, 2022
• Ukraine war, energy crisis has Canadians more supportive of oil and gas: poll

  Despite support for the oil and gas sector, Canadians remain steadfast in reducing climate change, the Ipsos poll for Global News found.

  Canada

  Sep 22, 2022
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• G7 will put a price cap on Russian oil. Here’s what it’ll look like

  Officials in G7 countries say the unprecedented measure will cut the price Russia receives for oil without reducing its petroleum exports to world consumers.

  World

  Sep 12, 2022
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• Landlocked: A Global News series exploring Canada’s energy dilemma

  Global News’ new series – Landlocked: Canada’s energy dilemma – will explore in-depth the challenges surrounding Canada's energy sector, and it's impact on Europe's energy crisis.

  Canada

  Sep 12, 2022