G7 look to hit Russia with oil price cap

The nations are hopeful this will prevent further financing of the war in Ukraine

UK fuel prices hit new record

Experts have predicted prices will go higher after the EU’s decision to ban Russian oil imports

Europe to jointly buy gas before winter

The EU Energy Commissioner has confirmed the move that is predicted to help countries secure non-Russia supplies

How much Russian oil is Europe importing?

Russia was the largest supplier of petroleum to Europe in 2021, according to a new report

Shell to take a $5bn hit from offloading its Russian assets

The company has confirmed it has not renewed contracts for Russian oil

“Rouble gas payments could be breach of contracts”

Energy can not be used to blackmail countries, the President of the European Commission has said

Norway’s Equinor halts trading in Russian oil

The company has confirmed it will not enter any new trades or engage in transport of oil and oil products from Russia

Chancellor urges more businesses to sever ties with Russia

Rishi Sunak said “there is no argument for new investments in the Russian economy”

Nicola Sturgeon: “North Sea oil not solution to Russian reliance”

Scotland’s First Minister said that more renewables could provide energy independence in the long-term

Russian oil supertanker ‘due to arrive to the UK today despite ban’

At least 148 oil and gas tankers have left Russia since the war began, Greenpeace says