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.
Category: Embargoes and Sanctions
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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.
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With New Crackdown, Biden Wages Global Campaign on Chinese Technology
U.S. officials pushed to choke off China’s access to critical semiconductor technology after internal debates and tough negotiations with allies.
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What We Know About Brittney Griner’s Detention in Russia
The W.N.B.A. star was stopped at an airport outside Moscow and accused of carrying hashish oil in her luggage. But much about the case remains unclear.