European Union – Page 41

Oil Prices Drop, Despite Heightened Sanctions on Russian Crude

The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.

By Stanley Reed

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How Biden’s Climate Push Could Spur a Trade War With Europe

The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance.

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Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged

The group, OPEC Plus, reaffirmed an output cut in October as “the right course of action” but outlined no further changes before an E.U. embargo of Russian oil begins on Monday.

By Stanley Reed

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Ukraine’s Allies Agree on Russian Oil Price Cap

The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.

By Matina Stevis-Gridneff Jim Tankersley and Alan Rappeport

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