Oil prices slipped on Tuesday as a deepening global market sell-off piled onto an already heavy mix of supply concerns and geopolitical pressure.
Oil prices slipped on Tuesday as a deepening global market sell-off piled onto an already heavy mix of supply concerns and geopolitical pressure.
Donald Trump is preparing to launch sweeping “shock and awe” sanctions targeting Russian exports, according to a senior Republican lawmaker.
The Kremlin can now largely disregard the G7’s price cap on Russian oil exports, as the global benchmark price has fallen below $60 a barrel.
Russia’s sudden eagerness to engage with U.S. President Donald Trump’s efforts to end the war in Ukraine comes as no surprise. The Kremlin is desperate for the conflict to conclude,
The halt of Russian gas supplies to Moldova’s separatist region of Transnistria has necessitated the shutdown of nearly all industrial operations, with the exception of food production facilities.
Ukraine has terminated the gas transit route following the expiration of a 2019 agreement in the early hours of New Year’s Day. This development marks a significant step in Europe’s
Gas prices declined despite rising geopolitical tensions following Vladimir Putin’s signing of a law permitting a nuclear response to long-range missile attacks on Russian territory.
Russia’s oil revenues have fallen to their lowest point since February due to declining crude prices.
Insurers have raised concerns that the price cap on Russian oil has become unenforceable, leading to an increase in ships joining a shadow fleet, thereby circumventing G7 sanctions aimed at
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
Nord Stream Initiates Legal Action Against Insurers Including Lloyd’s of London for Over €400m in Damages Following Pipeline Explosions
Vladimir Putin is reportedly considering significant tax increases for Russians as the Moscow government struggles to secure sufficient funds for its military operations in Ukraine.