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Oil prices increased on Wednesday after the EU announced plans to phase out Russian imports following Moscow's invasion of Ukraine.

IAEA chief Rafael Grossi said the radiation levels at the Chernobyl nuclear site are currently 'abnormal' and needs to be monitored 'day by day'

The outlook for Saudi Arabia's Aramco has been ranked as positive by rating agency Fitch as oil prices continue to soar from the Russian invasion of Ukraine.

The US ambassador to Libya has urged the country's central bank to protect oil revenues as blockades on major fields and export terminals have impeded production.

The closure of Zueitina oil port will prevent Libya from exporting almost a quarter of its 1.2 million barrels per day of production.

Libya halted oil production from its El Feel oilfield on and two sources at Zueitina oil port because of disruptive protests

Former Secretary of State Hillary Clinton told US broadcasters that a 'carrot and stick' approach was needed to shift Saudi Arabia away from Russia following Moscow's invasion of Ukraine.

A spokesman for the Houthi-run oil corporation said the Saudi-led coalition allowed a vessel carrying mazut, a low-quality fuel oil, into Yemen's blockaded port of Hodeida.

Iraq made its highest monthly oil export revenue since 1972 as crude prices soared amid shortfall fears following Russia's invasion of Ukraine.

For fossil fuel producers, like summits host the United Arab Emirates, more investments, not less, are needed in oil and gas.