Chevron Corp. said any short-term efforts by the Biden Administration to ease crude prices should be backed up by long-term commitments to support investment in America’s domestic oil industry. President Joe Biden is considering releasing […]
The Switzerland-registered owner of the Nord Stream 2 natural gas pipeline project could file for insolvency in a Swiss court as soon as this week, following the U.S. sanctions over the Russian invasion of Ukraine, […]
Ok, being an oilman all of my life, I have never seen a pricing matrix mess like the one the world is facing now. OPEC had lost its iron fist control over pricing, and only […]
LONDON, Feb 27 (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move […]
Feb 28 (Reuters) – Citigroup Inc’s(C.N)total exposure to Russia amounts to nearly $10 billion, the bank said on Monday, higher than previously communicated, following questions over whether it will have to set aside funds to […]
NEW YORK/LONDON, Feb 28 (Reuters) – The Russian ruble hit record lows on Monday while world stocks slid and oil prices jumped after the West ramped up sanctions against Moscow over its invasion of Ukraine, […]
Demand destruction is the only thing that can stop oil shooting higher after the U.S. and European allies unleashed additional curbs on Russia following its invasion of Ukraine, according to Goldman Sachs Group Inc. The […]
NEW YORK, Feb 25 (Reuters) – Stocks around the world were rebounding on Friday and U.S. Treasuries were out of favor as investors welcomed coordinated Western sanctions on Russia that targeted its banks but not […]
LONDON, Feb 25 (Reuters) – Russia has spent the past seven years building up formidable financial defenses, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the […]
Oil breaches $100 as Russia launches invasion of Ukraine European stocks drop 2.75%, Rouble hits record low MSCI Asia ex-Japan down more than 3%, lowest since Nov. 2020 Treasuries, Bunds, dollar rally Gold highest since […]
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