Oil prices slipped on Tuesday as a deepening global market sell-off piled onto an already heavy mix of supply concerns and geopolitical pressure.
Trump Plans Drastic “Shock and Awe” Sanctions on Russian Exports
Donald Trump is preparing to launch sweeping “shock and awe” sanctions targeting Russian exports, according to a senior Republican lawmaker.
Oil price drop bellow $60 renders Russian price cap ‘irrelevant’
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.
The Kremlin is desperately hoping that Trump’s return will bring an end to the war.
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 cessation of Russian gas has compelled nearly all industries in Transnistria to shut down.
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.
Russian gas deliveries to Europe via Ukraine have halted
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 fall – Oil prices remain elevated – North Sea power outage
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.
Russian oil revenues have reached their lowest level in seven months.
Russia’s oil revenues have fallen to their lowest point since February due to declining crude prices.
Putin is getting around Western sanctions
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
Putin seeks urgent petrol supplies as Russia faces fuel shortage.
Russia has reportedly requested Kazakhstan’s assistance in supplying petrol, as Ukrainian attacks on Russian refineries have necessitated gasoline imports.
Nord Stream Files €400 Million Insurance Claim for Pipeline Explosions
Nord Stream Initiates Legal Action Against Insurers Including Lloyd’s of London for Over €400m in Damages Following Pipeline Explosions
Putin plans tax increases to support Russia’s faltering military efforts.
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.