Tag Archives: russian oil ban

Britain unveiled Wednesday, March 9, new sanctions against Russia in the aviation sector, giving it the authority to seize any Russian aircraft and banning the export of aerospace-related products to Russia. Britain will also tighten its ban on Russian planes to criminalize their flying or landing in Britain. The State …

Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …

Market sentiment improved fairly as, earlier Ukraine confirmed humanitarian corridor, which allowed the evacuation of civilians. The sentiment improved further after news agencies reported Ukraine would no longer seek NATO membership, in a nod to Russia. The next round of peace talks is scheduled for next Thursday in Turkey.Economic Data:Data …

Gas prices hit a record in the United States. Stocks on Wall Street rose slightly, rebounding from their sharpest drop in more than a year.Oil and gas prices surged again on Tuesday as Western lawmakers advanced efforts to isolate Russia by taking steps to cut it off from global oil …

Ukrainian President Volodymyr Zelensky addressed the UK House of Commons via video on Tuesday, saying Ukraine “will not give up” on defending itself against Russia.Key Quotes:“I’m addressing you as a citizen as a president of also a big country with a dream and big effort,” Zelensky started his address by …

As market participants expected, in a public address from the White House, US President Joe Biden announced US ban on all Russian imports including oil and gas.Biden’s decision was made in consultation with the US’s Western allies, Biden added, noting that he understood that many European allies that don’t produce …

Oil prices jumped on Monday to their highest levels since 2008 as the United States and its European allies considered banning crude imports from Russia, while a quick return of Iranian crude to global markets looked less likely. Brent crude futures ended the trading session up $5.1, or 4.3 percent, …

Risk aversion continues as the major market driver amid the Russian invasion of Ukraine. The attacks have continued throughout the weekend, and a third round of cesefire talks has not eased the situation. Economic DataThe Investor Movement Index® (IMXSM) decreased to 6.79 in February, down from 7.07 in January. The …

American WTI crude futures on NYMEX, has attracted some significant offers near $125.05 after Germany refused to follow the footprints of the US and prohibit imports of Russian oil.Oil prices need to surpass $122.00 to regain their mojo amid an overall positive undertone in the oil counter on supply bottlenecks.Earlier …

In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, tackled the latest developments in financial markets, particularly the most prominent one; namely the surging oil prices that touched record levels, he also commented …