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The Group of 20 nations spent $693 billion supporting the fossil fuel industry last year, slowing progress towards global climate goals.

Group of Seven nations are unlikely to revise a price cap on Russian oil this week, despite initial evidence that crude is selling well below the current $60 threshold.

Group of 20 nations will aim to triple renewable energy capacity by 2030 though also offered support to technology that can sustain the use of fossil fuels.

'By and large, all members were on the same page on the need to tackle climate change.'

The heads of the leading economies made the commitment after holding a video call with Ukraine President Volodymyr Zelenskiy on Sunday.

G7 leaders meeting in Italy this week will pledge to tighten enforcement of their price cap on Russian oil, according to a statement seen by Bloomberg.

The Group of Seven urged OPEC to pump more oil.

Group of Seven nations are discussing a cap on the price of Russian oil.

'In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher,' Galp said.

Galp has informed that its Board of Directors unanimously decided to appoint Filipe Silva to the position of Chairman of the Executive Committee.