Oil jumps over 2% on tighter market outlook; Brent posts 3% weekly gain; US tariffs, Russia sanctions in focus
Saturday, 12 July 2025 () Oil prices surged over 2% due to IEA's report of a potentially tighter global market driven by strong summer demand. Concerns about new US tariffs and potential sanctions on Russia further fueled the price increase. Despite near-term constraints, IEA increased supply growth predictions while reducing demand forecasts, suggesting a possible future surplus.
EU proposes fresh sanctions on Russia's oil, banks, Nord Stream and 'shadow fleet'
The latest proposal of EU sanctions comes ahead of a summit of G7 leaders, where the revision of the price cap on..
Credit: euronews (in English) Duration: 01:10Published
A senior EU official claims President Trump is hesitating to confront Vladimir Putin over Ukraine, prioritizing a potential diplomatic reset with Russia over ending the war. Despite condemning..
US President Donald Trump has warned of imposing “crushing” new sanctions on Russia if Moscow fails to strike a peace deal with Ukraine. Speaking after the first direct Russia-Ukraine talks since..
Saturday, 12 July 2025 ()
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