Tag Archives: European Union (EU)

The EU plans to impose sanctions on three companies that have provided false flags to tankers of the Russian shadow fleet, Bloomberg reported on Tuesday, citing documents it has reviewed. The companies have provided false flags of Aruba, Curacao, and Sint-Maarten to at least eight tankers sanctioned by the EU, …

The penalties proposed in the European Union’s climate and social responsibility legislation would be bone-crushing to any company, ExxonMobil’s chief executive Darren Woods told Bloomberg. The EU’s planned Corporate Sustainability Due Diligence Directive, which is designed to prevent adverse human rights and environmental impacts across a company’s value chains, has …

The EU is weighing options to impose fresh sanctions on Russia’s oil industry and exports by sanctioning major energy firms and erecting more barriers to Russian oil trade, sources with knowledge of the plans told Bloomberg on Monday. EU officials are set to travel to Washington this week to discuss …

Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual purchases under a new transatlantic trade framework. The move includes LNG, oil, and nuclear energy and was announced in Brussels …

The global diesel market is entering a new phase of structural tightening, with fresh EU sanctions targeting refined fuels from Russian crude force a realignment of trade flows across Asia, the Middle East, and Europe. Under measures confirmed on Monday by EU officials, imports of diesel and gasoil processed in …

The United States and European Union officially reached a tariff agreement on Sunday, averting a potentially crippling transatlantic trade war. Following months of contentious negotiations, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump’s Turnberry golf resort in Scotland. The announcement sent …

Oil prices continued to move higher on Friday morning in Asia, supported by renewed optimism surrounding U.S.-EU trade negotiations and expectations that Russia will restrict gasoline exports. Even reports of Chevron’s return to Venezuela, which analysts estimate could add around 200,000 barrels per day to global supply, have been unable …

New car sales in the European Union last month dropped by 7.2% in the latest sign of the continuing struggles of the car manufacturing sector amid attempts to electrify their lineup in compliance with government regulations. In the first half of the year, total new car registrations in the EU …

European Commission President Ursula von der Leyen and European Council President Antonio Costa will meet with the Chinese president and prime minister in Beijing on July 24 in what is expected to be a tense EU-China summit with the war in Ukraine and a potential transatlantic trade war looming large …

The ongoing push by EU countries to target Russia’s primary revenue source—oil and gas exports—has received a significant boost. With its 18th sanctions package, the EU has agreed not only to hit Moscow’s energy sector harder but also to impose a significantly lower price cap on Russia’s oil exports. The …