Tag Archives: Russian oil

Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a decree on Tuesday introducing countermeasures to a price ceiling imposed by Western countries on Russian oil. The supply of Russian oil and petroleum products to foreign legal entities and individuals will be banned if a price cap is directly or …

Russia’s revenue from oil exports in June increased 40 percent from the average level last year despite Western sanctions Washington, U.S. | Xinhua | Finance ministers of the Group of Seven (G7) countries have agreed to impose a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen said in a …

Hungary which imports 65 percent of its oil from Russia through the Druzhba pipeline, has asked for an exception from the ban Brussels, Belgium | Xinhua | European Union (EU) leaders gathered in Brussels on Monday for a special meeting that is likely to be overshadowed by disagreement on phasing out …

New York, U.S. | Xinhua | Oil prices advanced on Friday as concerns over tighter supplies remain on the market. The West Texas Intermediate for June delivery added 4.36 U.S. dollars, or 4.1 percent, to settle at 110.49 dollars a barrel on the New York Mercantile Exchange. Brent crude for July …

New York, U.S. | Xinhua | Oil prices climbed on Thursday as traders weighed the prospect of a European Union (EU) ban on imports of Russian oil. The West Texas Intermediate for June delivery added 3.34 U.S. dollars, or 3.3 percent, to settle at 105.36 dollars a barrel on the New …

New York, U.S. | Xinhua | Oil prices climbed on Thursday as traders weighed the prospect of a European Union (EU) ban on imports of Russian oil. The West Texas Intermediate for May delivery added 2.70 U.S. dollars, or 2.6 percent, to settle at 106.95 U.S. dollars a barrel on the …

OPEC Secretary-General Mohammad Barkindo says prices as being driven not by fundamentals but primarily by political factors at present New York, U.S. | Xinhua | Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) warned of severe supply risks if Russian oil is fully banned. The West …

New York, U.S. | Xinhua | Oil prices jumped on Thursday as supply worries returned to the market. The West Texas Intermediate (WTI) for April delivery added 7.94 U.S. dollars, or 8.4 percent, to settle at 102.98 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery …