President Joe Biden opened a new attack on Russia’s economy on Friday over its invasion of Ukraine, joining with allies to hit Moscow on trade and shut down development funds, Continue Reading
Russian gas flows to Europe remain stable, but Moscow is starting to face problems in selling its crude oil and oil products as Western sanctions over Russia’s invasion of Ukraine Continue Reading
JPMorgan, Goldman Sachs Lead Retreat From Russia Deutsche Bank AG reversed course and is now joining Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. in pulling Continue Reading
Provoked by Russia’s invasion of Ukraine and its threat to cut off natural gas exports to Europe, the European Union says it intends to wean itself off Russian supplies entirely Continue Reading
China and Russia have in recent years worked to reduce their reliance on Western financial systems, technology and markets, motivated by their leaders’ mutual desire to insulate themselves against the Continue Reading
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. The exodus of Western companies from Russia in the wake of Continue Reading
Lucrative offers for Russian spot crude cargoes may look attractive at first glance, but Asian oil importers appear reluctant to close deals as they cautiously weigh shipping risks, bandwidth to Continue Reading
The U.S. Senate on Thursday approved legislation providing $1.5 trillion to fund the federal government through Sept. 30 and to allocate $13.6 billion to aid Ukraine. The 2,700-page bill passed Continue Reading
European Union leaders gathered on Thursday to agree on a joint response to the war in Ukraine, with differing views on how far to go with economic sanctions, how quickly Continue Reading
European Union leaders are set to agree on Thursday to cut their reliance on Russian fossil fuels, although are divided over whether to cap gas prices and to sanction oil Continue Reading
