All the updated news related to oil price cap

All the news related to oil price cap updated in real time

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Energy bills could rise by another £1,000 if gas prices do not drop

Energy prices for millions of households could rise by another £1,000 by October, the boss of the industry body has warned as gas prices continue to soar. Emma Pinchbeck, chief executive of Energy UK, said the average household might be forced to ...

03 Mar 2022 at 13:55

World

Russian oil cap begins as West increases pressure on Putin over Ukraine

Western countries have begun imposing a 60 dollars per barrel price cap and a ban on some types of Russian oil, part of new measures aimed at stepping up pressure against Moscow over its war on Ukraine. The European Union, along with Australia, ...

05 Dec 2022 at 10:00

World

Ukraine reports new barrage of widespread Russian strikes

Ukrainian officials reported a new barrage of Russian missile strikes across the country on Monday, an attack that was anticipated as Russia seeks to disable Ukraine’s energy supplies and infrastructure with the approach of winter. Media ...

05 Dec 2022 at 16:34

G7 finance ministers agree price cap on Russian oil

Finance ministers from the G7, including Chancellor of the Exchequer Nadhim Zahawi, have agreed a price cap on Russian crude oil and petroleum products. The Chancellor has said he believes the move “will curtail Putin’s capacity to fund ...

02 Sept 2022 at 16:08

52 UK-linked companies probed for breaching Russia oil sanctions

The Treasury has investigated more than 50 UK-linked companies for breaching Russian oil sanctions, but is yet to hand out a single fine. Figures obtained by the BBC under the Freedom of Information Act showed the Government had opened ...

11 Oct 2024 at 14:13

World

Unexplained blasts reported at two Russian military bases

Explosions rocked two air bases in Russia on Monday, Russian media reported. One of the blasts reportedly happened at a base which houses nuclear-capable strategic bombers that have been involved in launching strikes against Ukraine. ...

05 Dec 2022 at 13:24

Squeeze on households could tighten as gas prices soar 70% to record high

Household energy bills could rise even further after gas prices soared by more than 70% to hit a new all-time high as fears over supplies from Russia continued to rock the market. Prices are now more than 20 times higher than they ...

07 Mar 2022 at 11:25

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