By Julianne Geiger – Jan 30, 2026, 1:30 PM CST The European Union is quietly preparing to take a much bigger swing at Russia’s oil trade. And this time, Brussels is aiming less at price optics and more at enforcement reality. The EU is reportedly weighing whether to scrap its Russian oil price cap altogether […]
EU Weighs Scrapping Russia Oil Price Cap for Harder Sanctions Read More »
VW has no intention of retiring the Golf GTI or the Golf R. The Golf R may receive a more powerful engine. An electric Polo GTI debuts this year. The gas-fueled Polo GTI is still available in Europe. Hot hatches may have been born in Europe during the 1970s, but the EU’s stricter emissions regulations
Volkswagen Commits Long-Term To Gasoline Hot Hatches Read More »
Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending January 24, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 423.8 million barrels according to government data, which is 3% below the five-year average for this time
Oil prices continue to rise as US crude oil inventories drop Read More »
Barely three days after an upward review of petrol pump prices, Nigerians may soon contend with another increase as international crude oil prices continue their upward trajectory. Nigeria’s Bonny Light crude climbed to $70.30 per barrel, up from $64 per barrel recorded last week, marking an increase of about 10 per cent and the highest price level so far this
Petrol prices set to rise again as global crude oil market surges Read More »
West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium. Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never
WTI declines to near $64.00 despite elevated geopolitical risks Read More »
NEW YORK (AP) — Financial markets churned on Friday as investors tried to figure out what President Donald Trump’s new nominee to lead the Federal Reserve will mean for interest rates. U.S. stocks fell, with the S&P 500 down 0.4% after sinking as much as 1.1% earlier in the day. The Dow Jones Industrial Average
Asian shares slip after Wall Street settles following dramatic swings Read More »
