Traditionally Europe-bound Arctic oil grades are now heading East, Reuters reports India and China have stepped up purchases of Russian Arctic oil grades following Western sanctions on Russian crude, Reuters reported on Thursday, citing traders and vessel-tracking data from Refinitiv. The EU, G7 nations and Australia introduced a price cap on Russian oil late last…

Governments across Europe will have a hard time filling up storage facilities given the dearth of Russian supplies, Equinor head Anders Opedal has said The European energy market is likely to remain tight this year despite the current drop in gas prices, Anders Opedal, the CEO of Equinor, Norway’s largest energy company, told Bloomberg in…

Republican Matt Gaetz voted for the former president amid a historic fight for leader of the chamber US Republican Matt Gaetz formally nominated ex-President Donald Trump to lead the House of Representatives on Thursday, as the members failed to elect a speaker for the 11th time in a row.