Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that could tighten global supplies. ›

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. ›

British and Dutch wholesale gas prices edged up on Thursday morning amid concerns about a European Union ban on Russian oil, how gas payments will be made later this month and stronger coal prices. ›

Oil prices extended gains on Thursday on supply concerns as the European Union proposal laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting concerns over weaker Chinese demand. ›

European energy prices gained after the European Union proposed to phase out Russian oil this year, a move that could boost demand for natural gas and coal while prompting Moscow to retaliate. ›

Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to phase out imports of Russian oil, offsetting demand worries in top importer China. ›

European natural gas fluctuated as traders weighed the risk of a supply disruption from Russia against a forecast for milder weather and strong LNG shipments. ›

Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China’s COVID-19 lockdowns, which could weigh on fuel demand, and prospects for a supply hit from a possible European oil embargo on Russia. ›