Russian Oil
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U.S., allies look to clinch Russian oil prices amid war in UkraineWith thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine.WorldJul 13
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Ottawa, Berlin in talks over LNG terminal for exports to Europe: German officialBerlin has been rushing to phase out Russian energy imports after Moscow's invasion of Ukraine and is looking for alternative supply routes and sources of energy.CanadaJun 28
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G7 leaders vow to ban Russian oil imports as summit wraps upGroup of Seven leaders announced they will phase out or ban the import of Russian coal and oil in response to that country's war with Ukraine.WorldJun 28
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Talks between oil refiners, Biden officials end in impasse over gasoline priceRefiners cut capacity during the COVID-19 crisis shutdowns, but post-pandemic demand and a global fuel crisis after Western nations sanctioned Russian oil have driven prices up.EconomyJun 23
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EU leaders agree to cut 90% of Russian oil imports by end of 2022European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow.WorldMay 30
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‘We are not there yet’: EU leaders leaving hard decisions on Russian oil ban for laterAlthough EU leaders have confirmed that there will be a sanction on Russian oil, they have yet to agree on the details of the ban.WorldMay 30
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Clean Canadian hydrogen can help Europe shift away from Russian oil, gas: ministerCanada is developing clean hydrogen production that could be shipped to European countries to make them less reliant on Russia for energy following the invasion of Ukraine.WorldMay 27
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Gas shortages expected in Europe as Russia imposes sanctions, Ukraine halts flowMajor gas providers in Europe are searching for alternative sources of fuel as Russia lays new sanctions and Ukraine halts transit lines.EconomyMay 12
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G7 leaders vow to wean off Russian energy as Ukraine enters talks for ‘peace settlement’G7 leaders say they're committed to phasing out dependency on Russian energy, including by banning imports of Russian oil to further pressure Moscow over the war in Ukraine.WorldMay 8
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Here’s why the European Union might find it tough to phase out Russian oil purchasesThe European Union has proposed a phased embargo of Russian oil but may find it tricky to implement, given Europe's complex distribution network.WorldMay 4
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