Tag Archives: G7 Countries

The United States said Monday that the G7 is closing in on a plan to force a lower price for Russian oil in what would be a major escalation of the campaign to punish the Kremlin for its invasion of Ukraine. “There is also consensus emerging… that the price cap …

According to some media sources, G7 leaders are expected to discuss a revival of the Iran nuclear deal – which might lead to more Iranian oil exports. Oil prices extended gains on Monday as investors stood on guard for any moves against Russian oil and gas exports that might come …

A proposal under discussion by the G7 would call for using tax money for natural gas projects as a response to Russia’s war in Ukraine — potentially clashing with the group’s climate pledges. A draft section of the communiqué, yet to be agreed by the leaders of G7, acknowledges that …

The Group of Seven urged OPEC to pump more oil, even as it made new pledges to try to fight climate change. “We call on oil and gas producing countries to act in a responsible manner and to respond to tightening international markets, noting that OPEC has a key role …

The G7 club of wealthy nations have committed to phasing out its dependency on Russian oil. The statement from the Group of Seven – France, Canada, Germany, Italy, Japan, Britain and the United States – did not specify exactly what commitments each country will make to move away from Russian …

The countries of the Group of Seven announced they have rejected the Kremlin’s demands that Russian gas be paid for using Russian rubles, Reuters reported. Last week, Russian President Vladimir Putin suggested that “unfriendly” countries would be required to pay for gas using rubles. “I have decided to implement a …