Oil

Crucial North Sea emissions decision expected Thursday
The U.K. government is set to respond to a legal judgment on long-term emissions issued last summer.

G7 embraces ‘realpolitik’ to work around disruptive Trump

China’s got the world in a rare earth choke hold

EU gets tough on Russian energy without Trump, Orbán on board

EU plans to squeeze out Russian gas with tough new rules

Macron says he’s still confident US will back further Russia sanctions

UK hoping for US tariff relief in days after deadline slips
Forget the G7. Now it’s the G6 vs. Trump.
Western leaders want to jointly pressure Donald Trump to cease his economic war against them, so that they can (finally) cooperate on pressing issues like Russia.
EU faces uphill battle to pass new Russia sanctions
Brussels wants to cut the flow of cash to Moscow — but Hungary and Slovakia are poised to hold up the proposals.
Now is the time to rebuild the global economic system
European political will is needed ahead of the UN Financing for Development Conference in Sevilla
May 2025 was second-hottest on record, EU scientists say
It’s been a hot start to the year globally and northwestern Europe also experienced an exceptionally dry spring.
EU announces punishing sanctions targeting Russian energy and banks
“Our message is clear: This war must end,” Ursula von der Leyen says.
Zelenskyy seeks Trump meeting at G7 in Canada
Ukrainian president hopes for another chat with Trump at G7 summit set for June 15-17, Zelenskyy’s Chief of Staff Andriy Yermak said.
The Trump-Musk bromance devolves into a chaotic public breakup
The president and the world’s richest man, once close friends, sparred with increasingly explosive insults and threats.
EU looks to impose sanctions on Putin simultaneously with US, says von der Leyen
“We have discussed how we can implement European sanctions and American sanctions at the same time,” European Commission chief tells POLITICO.
Ukrainian delegation to brief US senators amid Russia sanctions push
Zelenskyy allies visit Congress to bolster Russia sanctions bill.
UK threatens to sue Russian billionaire Roman Abramovich over Chelsea sale funds
British government says it’s “deeply frustrated” that no deal has been reached with the tycoon.
Cooling May inflation paves way for ECB rate cut
The bank’s Governing Council meets next week on June 4-5.
Britain is wide open to Russian undersea sabotage
Critical gas pipelines, power lines and data cables are the “soft belly of British security,” ministers have been warned.
In Trump’s war on clean energy, China (and everyone else) wins
It’s a shift from the U.S. president’s first term, and is driving a fresh wedge within his Republican Party.
EU ministers seal fresh sanctions package against Russia
The package targets the Kremlin’s so-called shadow fleet.
UK hits Russia with new sanctions as peace talks stall
Foreign Secretary David Lammy said the U.K. was acting to “restrict Putin’s war machine.”
EU eyes sanctions targeting Nord Stream and banking sector to pressure Putin
The measures will be discussed during a meeting of the leaders of more than 40 countries in Albania.
European leaders want to turn screws on Putin after delayed Turkey talks
Ukraine’s Volodymyr Zelenskyy is heading to the Albania summit after Russia’s Vladimir Putin failed to show up for talks in Turkey.
Romania must reclaim prize energy assets from foreign investors, presidential favorite says
George Simion wants to tap into deep voter frustration with post-communist privatizations.
Hungary and Slovakia can quit Russian energy, report finds
Ample alternatives exist, but both countries have increased reliance on Moscow and made millions, researchers say.
UK slaps new sanctions on Putin’s ‘shadow fleet’
Up to 100 vessels which have carried Russian oil will be banned from entering British ports and risk being detained.
This April was world’s second-hottest on record, EU scientists say
Climate agency also noted that much of Central Europe, Scandinavia and the United Kingdom are grappling with a lack of rainfall.
PMQs: Badenoch misses open goal on India trade deal
The Tory leader opted not to press her party’s attacks on the British-India trade deal and instead attacked Keir Starmer on winter fuel and net zero.
EU gears up for fight with Russian energy holdouts
Brussels will soon tell Hungary and Slovakia to stop dealing with Moscow — whether they like it or not. But the EU’s enforcement plan is fuzzier.