President Biden has issued an executive order blocking drilling for oil in more than 625 million acres of U.S. ocean. It's ...
warning Iran it would face economic isolation Tehran remains defiant and says it will block the sensitive oil-important Strait U.S. warns that closure of the Strait would trigger a massive ...
The role of chief executive at Brazilian state-controlled oil company Petrobras is coveted by many due to the prestige it brings, but it is definitely not for the faint of heart. Little over a ...
Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...
Russia's seaborne oil exports — a key part of the nation's oil trade — have taken a hit in recent months, as Western sanctions on one of Moscow's most important sources of revenue continue to ...
Crude oil inventories in the United fell by 4.7 million barrels for the week ending December 6, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.85 million ...
The U.S. Department of Defense sent over a thousand tons of ammunition to Israel on a ship that stopped at a U.S. naval base in Spain — a violation of Spain’s embargo on ships carrying ...
EU foreign ministers today (Dec. 16) gave the green light to the fifteenth sanctions package against Moscow, targeting 52 ships of the ghost fleet with which the Kremlin circumvents Western ...
Over the next 12 months, the price cap and embargo had a significant impact on revenues, and forced Russia to find new markets and ways to transport its oil. Russia did this by offering deep ...
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The gas is then distributed by Petroleum Industry of Serbia (NIS), which is majority-owned by Russia’s state oil monopoly Gazprom ... Vucic said that despite the embargo threat, ” I’m ...