Group of Seven (G7) finance ministers were due to meet virtually on Friday and were expected to firm up plans to impose a price cap on Russian oil purchases with the aim of reducing the revenues flowing to Moscow.
The European Commission is considering emergency measures, including price caps and incentives to reduce electricity consumption.
The number of total active drilling rigs in the United States dropped by 5 this week.
The U.S. added 315,000 jobs in August, the Bureau of Labor Statistics said on Friday in a data release that was largely in line with expectations and in a “Goldilocks” range.
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No decisions prohibiting the supplies of fat-and-oil products for confectionary from the European Union to Russia have been taken, the Russian Agriculture Ministry said in a statement.
Opposition parties slammed President Emmanuel Macron for planning an emergency gas and electricity meeting for Friday that will be held strictly among ministers as he did for the COVID-19 situation during the pandemic.
The Capitals brings you the latest news from across Europe, through on-the-ground reporting by EURACTIV’s media network.
Chief executive Ben van Beurden is preparing to step down from Shell next year and the oil and gas supermajor has started a selection process for a successor, Reuters reported on Friday, quoting two sources at the company.
More than a week after crude oil washed up on the shores of Dahab on Aug. 14, patches of oil can still be found along the coast.