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Democratic and Republican senators proposed that U.S. President Joe Biden's administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow's invasion of Ukraine.

Vianode will invest 2 billion Norwegian crowns in building a large-scale plant for sustainable battery materials in Norway.

Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.

The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals.

Oil settled nearly 1% higher paring earlier gains as the market focused on Russian oil supply concerns.

Sales of electric cars in India will gather pace by 2025-26, Henrik Fisker said in an interview in New Delhi, adding that the company wants to secure a first-mover advantage.

Oil prices dipped following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation.

Crude oil theft in Nigeria, which is blamed for throttling output and exports, is tantamount to treason that should be punished by the stiffest possible penalty, the Speaker of the House of Representatives said.