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A general view shows a local oil refinery behind residential buildings in Omsk, Russia February 10, 2021.

Oil Slides 2% As EU Fails To Boycott Russian Crude

By Scott DiSavinoNEW YORK -Crude prices slid 2% on Thursday after the European Union (EU) could not agree on a plan to boycott Russian oil and on reports that exports from Kazakhstan's Caspian Pipeline Consortium (CPC) terminal could partially resume.
Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, March 8, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline.

EU Seeks Answers To Energy Supply Crunch, U.S. LNG Deal

EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer against supply shocks, but the bloc remains unlikely to sanction Russian oil and gas.
New Renault Arkana mid-size crossover is seen in a show room at Renault factory in Moscow, Russia April 11, 2019.

Renault Suspends Moscow Plant, Adjusts 2022 Outlook

Renault SA, the Western carmaker most exposed to the Russian market, said on Wednesday it would suspend operations at its plant in Moscow while it assesses options on its majority stake in Avtovaz, the country's No.

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