Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world's top oil importer

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Gas prices in the Golden State are plummeting and inflation may be easing, but Democratic lawmakers and other political professionals believe it will have little effect on the state’s push to take oil companies to task for allegedly price-gouging drivers at the pump.

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The visit is expected on Thursday, yet official China has not made an announcement. Trip aims to boost Gulf relations five months after US warned Beijing it would not cede Middle East or just to divert some attention from some serious domestic problems, or both.

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The price cap could make it difficult for Moscow to sell its oil for a higher price. But will EU embargo actually hurt Russia?

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European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group of Seven (G7) nations.

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Despite apprehension around Europe’s energy supply for the coming winter, government leaders and energy experts warn the continent’s real challenge will come next year.

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The New York Times recently carried a front-page story asserting that Saudi Arabia planned to “keep oil at the center of the global economy” for decades. Other Mideast Gulf countries no doubt share this goal.

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The EU executive on Tuesday unveiled a gas "safety ceiling" of 275 euros

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Mr Andy Yih-Ping Liu, Representative of Taipei Trade Office in Nigeria, on Friday said that Taiwan is probably one of the best role models for Nigeria to develop its non-oil economy.

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Slovakia's economy minister says oil shipments from Russia through a critical pipeline to several European countries have resumed after a problem over transit payments was resolved

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