Oil prices were little changed in the current week, with bearish sentiment still dominating markets after the United States agreed to a one-year truce in its trade war with China, despite reports that Indian refiners are abandoning Russian oil following fresh US sanctions. Brent crude for December delivery was trading at $65.07 a barrel at…
kyiv, Ukraine (AP) — Ukraine’s long-range attacks on refineries inside Russia have reduced Moscow’s oil refining capacity by 20%, Ukrainian President Volodymyr Zelenskyy said, citing intelligence from Western governments. According to Zelenskyy, more than 90% of these deep attacks on Russian soil were carried out with Ukrainian-made long-range weapons. He said Ukraine needs additional foreign…
FRANKFURT, Germany (AP) — The United States and the European Union are hitting Russia with another round of sanctions, aimed at reducing oil and gas export revenues that finance Moscow’s war against Ukraine. More than three and a half years after the war, the effort remains a game of cat and mouse, with Russia finding…
By Enes Tunagur LONDON (Reuters) – Oil prices rose almost 5% on Thursday after the United States imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war, extending gains from the previous session. Brent crude futures were up $2.98, or 4.8%, at $65.57 a barrel by 1211 GMT, while U.S. West Texas…
November WTI Crude Oil (CLX25) was down -0.17 (-0.30%) today and November RBOB Gasoline (RBX25) closed down -0.0191 (-1.04%). Crude oil and gasoline prices gave up an early advance today and turned lower as the dollar (DXY00) strengthened. Crude oil is also being weakened by the negative carryover from last Thursday, when President Trump said…
President Donald Trump said Wednesday that he “felt it was time” to hit Russia with tougher sanctions, a major escalation amid his latest attempt to pressure Vladimir Putin to end his war against Ukraine. “Today is a very important day in terms of what we’re doing. They are tremendous sanctions. They are very big,” Trump…
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would try to get China to do the same as Washington steps up efforts to cut off Moscow’s energy revenues. India…
