The world was on the brink of a climate milestone: adopting a global carbon tax for the shipping industry Countries had spent years crafting the plan, hoping to throttle planet-warming pollution from cargo vessels. They had every reason to think the measure would pass when the International Maritime Organization (IMO) met in mid-October. ›
Oil eased back following the biggest weekly increase since June as traders weighed progress between the US and China on trade, and the wider outlook for supply after sanctions on two of Russia’s largest producers. ›
Oil prices were little changed on Friday, stabilising after the previous day’s surge and remaining on track for a weekly gain as fresh U.S. sanctions on Russia’s two biggest oil companies over the war in Ukraine fuelled supply concerns. ›
Oil prices jumped more than 3% on Thursday, extending gains from the previous session, as India buyers started reviewing their Russian oil purchases after the U.S. imposed sanctions on major suppliers Rosneft and Lukoil over the Ukraine war. ›
Oil prices pushed higher for a second day on Wednesday, rising by about 2%, buoyed by sanctions-related supply risks and hopes of a U.S.-China trade deal. ›
Oil prices held steady on Tuesday after a fall in the previous session as concerns about oversupply and risks to demand, along with the trade dispute between the U.S. and China, the world’s top two oil consumers, weigh on the markets. ›
Oil prices dipped on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand. ›
Oil prices edged lower on Friday, heading for a weekly loss of nearly 3%, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine. ›
Oil prices rose around 1% on Thursday after U.S. President Donald Trump said Indian Prime Minister Narendra Modi had pledged his country would stop buying oil from Russia, a move that could drain supply elsewhere. ›
Oil prices fell on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency’s warning of a supply surplus in 2026 and U.S.-China trade tensions that could curtail demand. ›
