Finance ministers and central bank governors from the Group of Seven democracies pledged on Thursday to address "excessive ...

Oil prices were little changed on Thursday as investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks, though ...

The EU is pushing to lower the G7's $60 price cap on Russian oil, but the U.S. remains cautious, citing market forces as ...

Ukraine wants the Group of Seven advanced economies to reduce its price cap on Russian seaborne oil to $30 per barrel, ...

While Russian oil exports via the Baltic dropped 10% in late 2024, and shadow fleet use fell to 65% in April, analysts argue ...

A European official said on Thursday that the United States is "not convinced" about lowering the Group of Seven nations (G7) price cap on Russian crude oil.

The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put ...

Finance ministers and central bank governors from the G7 countries discussed the possibility of lowering the agreed price cap ...

EU officials told Reuters they would propose bringing the cap down from $60 to $50 per barrel, as Brussels and its allies ...

This potential surge in supply comes at a time when the market is already anticipating a surplus, further pressuring prices ...