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EU’s New Russia Sanctions Aim for More Effective Oil Price Cap
Jul 18 2025 // The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry. The EU will set a moving...
Ford Recalls Over 694,000 SUVs After Year-Long Fuel Leak Probe
Jul 18 2025 // Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a...
European Commission to Propose Floating Russian Oil Price Cap
Jul 11 2025 // The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The...
India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill
Jul 8 2025 // India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The...
NTSB Blames Delayed Response for 2023 Oil Spill off Coast of Louisiana
Jun 27 2025 // Roughly 1.1 million gallons of crude oil spilled from a pipeline into the Gulf of Mexico in November 2023 because operators failed to shut it down for nearly 13 hours after their data first hinted at a problem, the...
Clean Energy Assets Face Coverage Risks, Zurich Insurance Says
Jun 25 2025 // Assets designed to help fight climate change may soon risk losing access to insurance unless they’re adequately shielded from extreme weather events. Roughly 46% of Europe’s total renewable generation capacity...
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