But the companies and other large oil producers are continuing to increase production because drilling still remains profitable.
Category: Embargoes and Sanctions
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In China Truce on Tariffs and Rare Earths, National Security Controls Are Bargaining Chip
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion.
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Sanctions Lifted on a Putin-Backed Autocrat After Lobbying by Trump Allies
The move benefits the Serbian politician Milorad Dodik, who had received support from Rudolph W. Giuliani, Michael T. Flynn, Laura Loomer and high-priced lobbyists.
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Step by Step, How China Seized Control of Critical Minerals
China’s far-reaching rules already affect manufacturers of semiconductors, cars and many other products. They will soon become much broader.
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Trump’s Sanctions on Russian Oil Sector Ratchet Up Economic War
After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts.
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U.S. Sanctions on Russian Oil Could Push India to Stop Buying It
The sanctions could break a diplomatic deadlock by making it more difficult for India to continue buying from Russia, a point of contention between President Trump and Narendra Modi.
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Oil Price Jumps on Trump’s Russia Sanctions
Traders are pondering whether the United States and its allies are finally getting serious about restricting Russian energy.
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Russians Awake to Trump’s New Oil Sanctions and Largely Shrug
While oil markets reacted strongly to the sanctions, analysts said the measures were unlikely to significantly change President Vladimir V. Putin’s war calculations.
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China Displays Its Gizmos and Ambition, but Fewer Answers on Trade
The vast Global Digital Trade Expo in Hangzhou stood as a rebuke to U.S. efforts to hem in China’s technology. But the real competition is internal, and profits are hard to find.
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Trump Expands Global Technology Net With Rules Covering Subsidiaries
The Trump administration issued a rule to automatically extend trade restrictions for organizations on the “entity list” to any majority-owned subsidiary.
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Iranian Diplomats Are Barred From Shopping at Costco While Visiting U.S.
As the U.N. General Assembly met in New York, the Trump administration forbade the Iranian delegation from shopping at discount wholesalers, an apparent bid to inflame Iranian public opinion.
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How Oil Sanctions Made Russia’s Shadow Fleet Swell
Restrictions have made it costlier for Russia to ship oil by sea. But they have also expanded the illicit shipping economy, with lasting consequences.