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.
Category: Embargoes and Sanctions
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Ukraine’s Allies Struggle to Agree on Plan to Curb Russia’s Oil Revenue
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.
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EU Nears Cap on the Price of Russian Oil
E.U. diplomats aim to agree on a price this week, clearing the way to enforce the measure before a Dec. 5 deadline.
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Oil Prices Slide as Investors Worry Energy Demand Is Slowing
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.
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World Leaders Meet as Global Economy Faces Multiple Threats
High inflation, food insecurity and a possible global recession loom large as the Group of 20 summit discussions begin.
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Price of Diesel, Which Powers the Economy, Is Still Climbing
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.
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Five Ways Sanctions Are Hitting Russia
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.
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US Extends Enforcement of Sanctions on Russian Oil Deliveries to January
No decision has been made on the price of the oil cap, which will take effect in five weeks.
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Exxon and Chevron Rack Up Giant Profits
Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
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Exxon and Chevron Rack Up Giant Profits
A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
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As Inflation Stalks Europe, Leaders Shudder
The downfall of Britain’s prime minister served as a warning to all of the political peril that awaits those who fail to address the erosion of living standards, no matter the cause.