The European Union's embargo on Russian oil products came into effect on Feb. 5, building on the $60 oil price cap implemented by the G-7 (Group of Seven) major economies on Dec. 5. China, India and ...

Monday - Friday, 08:00 - 11:00 CET | 14:00 - 17:00 HK/SG The IEA cut its global oil demand forecast, projecting the lowest pace of growth since the pandemic - at odds with OPEC's expectations. The IEA ...

The price cap on Russian oil has been effective in driving down the country's revenue from the commodity, the IEA said. An IEA official told CNBC the price cap has hurt Russia's revenue but it still ...

International Energy Agency oil industry and markets division head Toril Bosoni discusses the outlook for 2025 production as the agency sees oil markets face a smaller surplus this year than ...

OSLO - The global oil market is relatively well supplied with demand growth slowing, while supply is increasing from the Americas, the head of the International Energy Agency's (IEA) oil markets and ...

Bans and price caps targeting Russian oil are having the "intended effect" despite surprisingly resilient production and exports in recent months, according to Toril Bosoni from the International ...