BRUSSELS (AP) — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at ...

Today, the energy regulator Ofgem have announced that the Energy Price Cap has fallen 7%. Reacting to the news, Martin Lewis, founder of MoneySavingExpert.com said: "Today’s announcement that the ...

Hungary’s leader Viktor Orbán is urging the European Union to suspend sanctions on Russian energy as oil and gas prices jump.

Japan joins the EU in cutting the price cap on purchases of Russian oil to $47.60 per barrel, in a move effective Friday and aimed at punishing Russia over the war in Ukraine, yet unlikely to affect ...