EXPLAINER: What’s the effect of Russian oil price cap, ban?

By David Mchugh in Frankfurt FRANKFURT, Germany (AP) — Western governments have agreed to cap the price of Russia’s oil exports in an attempt to limit the fossil fuel earnings that support Moscow’s budget, its military and the invasion of Ukraine. The cap...

Venezuela’s gov, opponents resume talks; US eases sanction

By Regina Garcia MEXICO CITY (AP) — Venezuela’s government and its opposition on Saturday agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an...

Sober or bright? Europe faces holidays during energy crunch

By Colleen Barry in Verona VERONA, Italy (AP) — Early season merrymakers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas market for its inaugural weekend. But beyond the wooden market stalls, the Italian city still has not decked...

EU nations fail to close rift on gas prices as cold sets in

BRUSSELS (AP) — On winter’s doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills. An emergency...

Climate compensation fund approved, other issues up in air

  By Seth Borenstein, Samy Magdy And Frank Jordans in Sharm El-sheikh SHARM EL-SHEIKH, Egypt (AP) — Negotiators early Sunday approved a historic deal that would create a fund for compensating poor nations that are victims of extreme weather worsened by rich...