Russian oil sales are increasingly under an embargo in all but name, threatening a vital source of global crude supply. While there are currently no sanctions in place preventing companies Continue Reading
Russia will keep local stock trading closed for a third day as its wealth fund prepares to deploy billions of dollars to buy the country’s battered stocks following the invasion Continue Reading
Oil traders are staying away from Russian crude after the Western countries banned selected Russian banks from SWIFT, and Russian producers can’t sell their cargoes in tenders because no one Continue Reading
Export prices rise to record level as volatility persists Wheat futures on CBOT settle at highest level since 2008 Uncertainties deter importers from buying Black Sea wheat Wheat futures prices Continue Reading
Crude oil futures were higher in mid-morning Asian trade on March 1, as the market assesses the impact of restrictions on Russia’s use of SWIFT international payment system amid the Continue Reading
U.S. and allies may tap 60 million barrels; talks ongoing Oil pushed higher as the Russian invasion of Ukraine continued to ripple through the market, despite the looming potential of Continue Reading
Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude Continue Reading
The Ukraine crisis has prompted fears of disruption in Russian oil and gas exports. Spare oil production capacity is already under stress, and it will likely worsen as the crisis Continue Reading
Popular hedge-fund manager Pierre Andurand is cautioning that the oil markets are worse off than many traders believe, according to the Wall Street Journal. When asked why oil prices aren’t Continue Reading
Russia’s decision to invade Ukraine was originally met with a relatively tepid response from world leaders, but now sanctions are intensifying key Russian banks are banned from SWIFT. The increasingly Continue Reading
