A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo

Europe agrees compromise gas curbs as Russia squeezes supply

BRUSSELS, July 26 (Reuters) – European Union countries approved a weakened emergency plan to curb their gas demand on Tuesday, after striking compromise deals to limit the cuts for some countries, as they brace for further Russian…

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U.S. President Joe Biden meets with German Chancellor Olaf Scholz, French President Emmanuel Macron, Italian Prime Minister Mario Draghi and British Prime Minister Boris Johnson alongside the G7 leaders summit at Bavaria’s Schloss Elmau, near Garmisch-Partenkirchen, Germany June 28, 2022. REUTERS/Jonathan Ernst

G7 agrees to explore cap on Russian oil price

SCHLOSS ELMAU, Germany, June 28 (Reuters) – The Group of Seven economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday, aiming to…

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Palm oil farmers and producers pledge to cap bottled palm oil prices

Oil palm farmers, oil extractors and producers have promised Thailand’s Internal Trade department that they will try to maintain the price of bottled palm oil between 64 and 66 baht/L….

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A display shows fuel prices per litre at a gas station in Ebersburg near Fulda, Germany March 7, 2022. REUTERS/Thilo Schmuelgen

Russia warns on oil import ban as little progress is made at Ukraine talks

LVIV/IRPIN, Ukraine, March 8 (Reuters) – Fears of an energy war between Russia and the West grew on Tuesday after the United States pushed its allies to ban Russian oil…

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Calls grow for suspension of oil company’s license as more oil found on Thai beach

Calls have been increasing, from businesses and the public in the Mar Ram Phueng beach area in the eastern province of Rayong, for the authorities to suspend the operating license…

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