Oil

Now is the time to rebuild the global economic system
European political will is needed ahead of the UN Financing for Development Conference in Sevilla

May 2025 was second-hottest on record, EU scientists say

EU announces punishing sanctions targeting Russian energy and banks

Zelenskyy seeks Trump meeting at G7 in Canada

The Trump-Musk bromance devolves into a chaotic public breakup

EU looks to impose sanctions on Putin simultaneously with US, says von der Leyen

Ukrainian delegation to brief US senators amid Russia sanctions push
UK threatens to sue Russian billionaire Roman Abramovich over Chelsea sale funds
British government says it’s “deeply frustrated” that no deal has been reached with the tycoon.
Cooling May inflation paves way for ECB rate cut
The bank’s Governing Council meets next week on June 4-5.
Britain is wide open to Russian undersea sabotage
Critical gas pipelines, power lines and data cables are the “soft belly of British security,” ministers have been warned.
In Trump’s war on clean energy, China (and everyone else) wins
It’s a shift from the U.S. president’s first term, and is driving a fresh wedge within his Republican Party.
EU ministers seal fresh sanctions package against Russia
The package targets the Kremlin’s so-called shadow fleet.
UK hits Russia with new sanctions as peace talks stall
Foreign Secretary David Lammy said the U.K. was acting to “restrict Putin’s war machine.”
EU eyes sanctions targeting Nord Stream and banking sector to pressure Putin
The measures will be discussed during a meeting of the leaders of more than 40 countries in Albania.
European leaders want to turn screws on Putin after delayed Turkey talks
Ukraine’s Volodymyr Zelenskyy is heading to the Albania summit after Russia’s Vladimir Putin failed to show up for talks in Turkey.
Romania must reclaim prize energy assets from foreign investors, presidential favorite says
George Simion wants to tap into deep voter frustration with post-communist privatizations.
Hungary and Slovakia can quit Russian energy, report finds
Ample alternatives exist, but both countries have increased reliance on Moscow and made millions, researchers say.
UK slaps new sanctions on Putin’s ‘shadow fleet’
Up to 100 vessels which have carried Russian oil will be banned from entering British ports and risk being detained.
This April was world’s second-hottest on record, EU scientists say
Climate agency also noted that much of Central Europe, Scandinavia and the United Kingdom are grappling with a lack of rainfall.
PMQs: Badenoch misses open goal on India trade deal
The Tory leader opted not to press her party’s attacks on the British-India trade deal and instead attacked Keir Starmer on winter fuel and net zero.
EU gears up for fight with Russian energy holdouts
Brussels will soon tell Hungary and Slovakia to stop dealing with Moscow — whether they like it or not. But the EU’s enforcement plan is fuzzier.
EU to propose blanket ban on Russian gas
The upcoming legislation sets up a clash between Brussels and EU capitals eying a post-war return to cheap Russian energy.
Europe’s final plan to quit Russian energy: Enlist wary execs
The EU will make its pitch Tuesday, searching for momentum as sanctions stall, the U.S. equivocates and some eye a Russian fuel return.
Poland’s Duda tells Trump to force Putin ‘to make peace’
Polish President Andrzej Duda wants Trump to use harsh sanctions measures to compel Putin to negotiate.
Orbán’s man in Brussels stalls Russian energy exit plan
Hungary’s EU commissioner is hindering the plan’s quick approval on Tuesday, despite obligations to act independently from Viktor Orbán’s Russia-friendly policies.
Eurozone inflation stuck at 2.2 percent in April
The numbers are unlikely to cause any dramatic change in thinking at the European Central Bank.
Trump-Ukraine minerals deal hits yet another late snag
U.S. president has previously described such a pact as reimbursement for billions in American aid sent to help Kyiv against Russia’s full-scale invasion.
Trump’s tariffs could sink gas deal with Europe, top energy boss warns
EU firms want to buy more American energy — but not if it becomes pricier.
Ukraine’s ceasefire view: Putin doesn’t want Xi hiding in Lenin’s tomb from killer drones
Kyiv fumes over Russia’s Victory Day ceasefire plan.
Trump: Putin will be ‘fine’ in peace negotiations
The interview’s release comes amid the Kremlin’s announcement of a three-day May ceasefire to the war.