The EU has expanded its ban on extending cryptocurrency services to Russian citizens, in an eighth round of sanctions which were ratified on Thursday. The extended measures will be added to an existing round of […]
IEA: EU ban on Russian seaborne crude may take 2.4 million bpd off the market. IEA: Total Russian oil production will decline to 9.5 million bpd. European countries are importing more Russian crude ahead of […]
However, the officials insisted that given enough time, the country will suffer American officials admitted to CNN on Friday that US-led sanctions haven’t crashed Russia’s economy. Despite Moscow’s record energy revenue and the strength of its […]
Both OPEC and U.S. shale producers maintain a cautious approach toward production growth. OPEC+’ very limited spare capacity could further create upward risk for oil Sanctions on Russia are unlikely to be dropped in the […]
The US government leveled July 6 new sanctions targeting international companies facilitating Iran’s oil and petrochemicals exports to east Asia, in the latest sign of pressure to return to the nuclear deal. The sanctions freeze […]
US Treasury Secretary Janet Yellen is at the forefront of calls for a cap on Russian oil export prices. Sounds like a great idea. Just don’t expect it to work. Here’s the problem. Russia earns […]
The sanctions placed on Russia as a result of the Russia-Ukraine conflict has led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and […]
The U.S. and EU have levied massive sanctions against Russia. Moscow has managed to stay one step ahead of the West with the help of Indian and Chinese refiners and tankers. As long as India […]
Russia’s oil and gas revenues hit another record high despite sanctions designed to hurt the Russian economy. The removal of some Russian oil from markets only served to send oil prices higher, boosting revenues from […]
(Bloomberg) — Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the International Energy Agency said. Moscow earned roughly $20 […]
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