January 11, 2023
Via: The Wall Street JournalThe U.S. and its allies are preparing their next round of sanctions on Russia’s oil industry, aiming to cap the sales prices of Russian exports of refined petroleum products in a step some market watchers warn could squeeze global supply. […]
December 2, 2022
Via: The Wall Street JournalThe European Union reached a deal on a $60 a barrel cap on the price of Russian oil Friday, paving the way for the Group of Seven advanced democracies to launch the unprecedented mechanism on Monday, diplomats said. The EU […]
October 28, 2022
Via: The Wall Street JournalThe Biden administration’s effort to roll out a price cap on Russian oil has hit delays, as the Treasury Department tries to ease industry concerns about the novel sanctions regime at the center of the West’s economic battle with Russia. […]
Energy, Industry Focus Areas, Logistics, Process
July 17, 2022
Via: The Wall Street JournalTanker owners in Europe are shipping as much Russian crude as possible before energy sanctions against Moscow take effect in December. Since Russia’s invasion of Ukraine in February, Western nations have pledged to wean themselves off crude from Moscow and […]
May 6, 2022
Via: The Wall Street JournalThe European Union is struggling to finalize the terms of an oil embargo on Russia amid resistance by Hungary, whose leader claimed Friday that the proposed embargo would hit his economy like an atomic bomb. Prime Minister Viktor Orban has […]
May 4, 2022
Via: The Wall Street JournalThe European Union proposed a ban on imports of Russian crude within six months and on refined oil products from the country by year-end, prompting a jump in oil prices, while the bloc is set to impose sanctions on high-ranking […]
May 2, 2022
Via: The Wall Street JournalThe European Union is likely to propose ending purchases of Russian crude oil by the 27-country bloc before the end of 2022, and a ban on purchases of Russian refined-oil products by year-end, according to two senior diplomats. The proposals, […]
April 28, 2022
Via: The Wall Street JournalGermany is now ready to stop buying Russian oil, clearing the way for a European Union ban on crude imports from Russia, government officials said. Berlin had been one of the main opponents of sanctioning the EU’s oil-and-gas trade with […]
March 8, 2022
Via: Transport TopicsShell said March 8 that it will stop buying Russian oil after Ukrainian officials criticized the energy giant for buying a shipment of crude from Moscow and demanded that all multinational companies sever ties with Russia over the war. The […]
July 9, 2024
June 25, 2024
Copyright © 2024. All rights reserved
