Tag Archives: oil

U.S. Imposes Substantial New Sanctions on Russian Oil Giants – The Wall Street Journal

U.S. Imposes Substantial New Sanctions on Russian Oil Giants  The Wall Street Journal Brent crude jumps about 5% after Trump administration sanctions big Russian oil companies  CNBC White House to Ratchet Up Russia Sanctions, Bessent Says  Bloomberg.com US sanctions Russia’s two largest oil companies and calls on Moscow to agree to immediate ceasefire  CNN US imposes sanctions on Russian oil over Putin’s ‘refusal’ to …

Read More »

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine | US foreign policy

US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine | US foreign policy

The US has sanctioned Rosneft and Lukoil, Russia’s two largest oil companies, as the Trump administration increased pressure on the Kremlin to negotiate an end to its war against Ukraine. The sanctions were the first against Russia since Donald Trump returned to the White House in January, and were targeted to cut key revenues from oil sales that finance the …

Read More »

US hits top Russian oil companies Rosneft and Lukoil with sanctions – Reuters

US hits top Russian oil companies Rosneft and Lukoil with sanctions  Reuters U.S. Imposes Substantial New Sanctions on Russian Oil Giants  The Wall Street Journal US announces sanctions on Russia’s largest oil companies  BBC US sanctions Russia’s two largest oil companies and calls on Moscow to agree to immediate ceasefire  CNN Trump hits Russian oil companies with sanctions: ‘It was time’  ABC News – Breaking …

Read More »

US sanctions Russia’s two largest oil companies and calls on Moscow to agree to immediate ceasefire

US sanctions Russia’s two largest oil companies and calls on Moscow to agree to immediate ceasefire

The Trump administration on Wednesday imposed sanctions on Russia’s two largest oil companies as it called on Moscow to agree to an immediate ceasefire in the war with Ukraine. President Donald Trump had for weeks signaled he could impose penalties against Russia for its continuation of the war but had failed to take major punitive measures until Wednesday. In remarks …

Read More »

Trump admin sanctions Russian oil companies, presses for Ukraine ceasefire

Trump admin sanctions Russian oil companies, presses for Ukraine ceasefire

The Trump administration on Wednesday imposed further sanctions on Russia’s two largest oil companies, citing “Russia’s lack of serious commitment to a peace process to end the war in Ukraine.” “Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said as he announced the sanctions on Rosneft and Lukoil. Treasury is prepared …

Read More »

Treasury Sanctions Major Russian Oil Companies, Calls on Moscow to Immediately Agree to Ceasefire

Treasury Sanctions Major Russian Oil Companies, Calls on Moscow to Immediately Agree to Ceasefire

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing further sanctions as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine.  Today’s actions increase pressure on Russia’s energy sector and degrade the Kremlin’s ability to raise revenue for its war machine and support …

Read More »

Oil Prices Dropped 19%, Helping Drivers, but Squeezing the Industry – The New York Times

Oil Prices Dropped 19%, Helping Drivers, but Squeezing the Industry  The New York Times OPEC production confusion should put floor under oil prices  Reuters Crude tankers firing on all cylinders as oil in transit soars  Lloyd’s List Oil Steady as Traders Focus on Surplus and US-China Trade Talks  Bloomberg.com Oil drifts to new five-month lows on supply glut worries, trade tensions (USO:NYSEARCA)  Seeking Alpha Source …

Read More »

Oil Continues to Slide on Supply-Glut Fears – The Wall Street Journal

Oil Continues to Slide on Supply-Glut Fears  The Wall Street Journal Oil prices slip on concerns over a supply glut  Reuters Oil Steadies After Weekly Loss as Investors Weigh US-China Trade  Bloomberg Geopolitical Risk in Oil Has All But Evaporated  Crude Oil Prices Today | OilPrice.com Oil set for weekly loss on decline in conflicts, possible glut  CNBC Source link

Read More »

Supply and Demand Fears Continue to Drag Oil Prices Lower

Supply and Demand Fears Continue to Drag Oil Prices Lower

Oil prices slipped in early Asian trade on Monday, as a combination of burgeoning supply concerns and escalating U.S.–China trade tensions weighed on sentiment. At the time of writing, Brent crude futures had dropped 0.29% to $61.11 while WTI was down 0.35% at $57.34. The continued drop comes on the heels of a third consecutive weekly decline for both benchmarks, with …

Read More »