Tag: US Sanctions

Oil Prices Slide as US Weighs Easing Sanctions on Shadow Fleet: Implications for Tanker Rates, Delivered Crude Costs, and Diesel Crack Spreads

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Oil prices fell about 2% on October 15, 2026, after reports that the Trump administration is considering easing sanctions on vessels in the so-called “shadow fleet.” Brent crude futures dropped about $2.28 (2.2%) to around $103.78 a barrel, while WTI fell about $1.34 (1.4%) to roughly $93.75, reversing prior gains. The move reflected hopes that […]

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EU-China Tensions

Clark Savage297

Daily Standup Top Stories Germany on course for longest post-war recession – data January 15, 2025 Mariel Alumit GDP contracted by 0.2% in 2024 due to soaring energy costs and weak exports, official figures show The German economy contracted for a second straight year in 2024 for the first time in more than […] The EU’s Trump-China […]

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US Treasury

US Treasury imposes ‘sweeping’ sanctions on Russian oil industry

Clark Savage261

The restrictions target two major Russian producers, along with what Washington calls a “shadow fleet” transporting Russian oil The US Treasury on Friday announced a fresh round of sanctions against Russia, imposed in conjunction with the UK. The restrictions target Russia’s oil industry, including two major producers – Gazprom Neft and Surgutheftegaz – as well as their […]

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