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Europe imported 9.3 million barrels of oil per day (b/d) in 2024, making the continent one of the largest oil importers in the world. As the continent reduces its dependence on Russian oil, imports from the US increased by 6% in 2024, according...

Russian oil tankers are managing to circumvent sanctions imposed by the European Union and the United States through a seemingly banal but extremely effective method: flying false naval flags, according to an investigation published today by the...

The European Union will propose this week to finance ministers from the group of highly industrialized countries (G7) to reduce the current price cap of $60/barrel, which applies to Russian oil delivered by sea, as part of a new package of...

• The US currency is up 40% from its 2011 lows, while currencies such as the yuan have depreciated against the dollar over the past decade, according to Business Insider 

Austria continues to get more than 50% of its natural gas supplies from Russia, despite the fact that almost two years have passed since the war against Ukraine broke out.

The Russian-Ukrainian conflict has only given the European Union (EU) gas pipelines on paper, without the likelihood of a route that would be successful in the medium term, even though the member states have embraced the project of the European...

Immediately after it became official, the deal was hailed by the leaders of the negotiating countries and has been described as a "historic agreement", while Israeli prime-minister, Benjamin Netanyahu, called it "a historic...

OPEC said it would not be "comfortable" if the price of crude oil returned to USD100/barrel, says the Cartel"s secretary general, Abdalla El-Badri.