Category: Embargoes and Sanctions

OPEC and Russia to Meet as Global Forces Weigh on Oil Market

The New York Times – Business:
As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its own interests.
Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge

The New York Times – Business:
The shape of the war, and its effects on global markets, in the months and years to come could determine the president’s political fate.
U.S. Crypto Exchange Kraken Settles With Treasury Dept.

The New York Times – Business:
The crypto exchange, which had been under investigation for violating U.S. sanctions, agreed to pay $360,000 to settle the allegations.
U.S. Allows Chevron to Expand Energy Operations in Venezuela

The New York Times – Business:
The license, limited in scope, was issued amid the resumption of talks between the Venezuelan government and opposition, and comes as President Nicolás Maduro desperately needs to improve the economy.
Ukraine’s Allies Struggle to Agree on Plan to Curb Russia’s Oil Revenue

The New York Times – Business:
The policy must be in place before an E.U. embargo on Russian oil imports kicks in on Dec. 5. The talks are set to resume next week.
Ukraine’s Allies Struggle to Agree on Plan to Curb Russia’s Oil Revenue

The New York Times – Business:
The policy must be in place before an E.U. embargo on Russian oil imports kicks in on Dec. 5. The talks are set to resume next week.
EU Nears Cap on the Price of Russian Oil

The New York Times – Business:
E.U. diplomats aim to agree on a price this week, clearing the way to enforce the measure before a Dec. 5 deadline.
Oil Prices Slide as Investors Worry Energy Demand Is Slowing

The New York Times – Business:
The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
What Is ‘Friendshoring’?

The New York Times – Business:
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World Leaders Meet as Global Economy Faces Multiple Threats

The New York Times – Business:
High inflation, food insecurity and a possible global recession loom large as the Group of 20 summit discussions begin.
Price of Diesel, Which Powers the Economy, Is Still Climbing

The New York Times – Business:
Russia’s invasion of Ukraine is one reason that the fuel is scarce. Another is a series of yearslong, intertwined events that cover the globe.
Five Ways Sanctions Are Hitting Russia

The New York Times – Business:
Russia’s economy and residents have taken a battering, but the government continues to reap big revenues from energy sales. A partial European embargo on oil takes effect in December.