JP Morgan is sticking to its base-case oil price forecast for 2025, projecting Brent crude will trade in the low-to-mid $60s, despite a sharp escalation in geopolitical tensions involving Iran ...

Whenever peak oil demand occurs, it will not be a steep downhill in global consumption—it will be a long plateau with a soft decline afterward, Big Oil says.

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The G7 summit is expected to discuss the oil price cap proposal when it meets in Alberta, Canada, from Sunday. The EU may try to proceed with the measure even if the U.S. rejects the proposal.

Ukrainian President Volodymyr Zelensky has hailed the EU's new round of sanctions on Russia as "essential and timely", as ...

In recent years, oil markets have been anything but stable. Geopolitical tensions – most notably the wars in Ukraine and the Middle East – have combined with shifting production strategies from the ...

The G7 leaders are scheduled to meet in Canada on June 15–17 to discuss, among other topics, the price cap on Russian oil established in late 2022. The existing $60 cap is implemented by ...

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar ...