Tag Archives: sanctions

WTI crude oil has risen over 2% and is currently trading at $77.53, after hitting a daily low of $75.49. Oil prices are influenced by the weak dollar and geopolitical tensions. The Organization of Petroleum Exporting Countries and its allies (OPEC+) are considering additional supply cuts when the cartel meets …

Oil prices rose on Tuesday after a report by the Organization of the Petroleum Exporting Countries (OPEC) said that market fundamentals remained strong and against the backdrop of concerns about possible supply disruptions as the United States tightens the noose on Russian oil exports. By 0113 GMT, Brent crude futures …

Following OPEC’s monthly market report, which allayed fears about declining demand and a US investigation into Russian oil sanctions violations, WTI crude oil prices rose by 1.43% on Monday. US West Texas Intermediate crude futures gained 1.4% to settle at $78.40 per barrel, while Brent crude futures increased by 1.29% …

Russia is utilizing gold to get around sanctions put in place following its invasion of Ukraine, according to a red alert issued by the UK National Crime Agency (NCA) to the financial industry. According to the NCA, concerted efforts are being made to launder gold that has been sanctioned in …

US President Joe Biden’s administration is easing sanctions on Venezuela’s oil and gas sector in response to a 2024 election deal reached between the Venezuelan government and the opposition. The US imposed sanctions on Venezuela in response to President Nicolas Maduro’s 2018 re-election, which the US and other Western governments …

The Kremlin said on Wednesday that it is difficult to underestimate the importance of coordination between Russia, Saudi Arabia and other partners on global oil markets amid the escalation of the conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas). Kremlin spokesman Dmitry Peskov added to reporters in a …

The Chinese Renminbi may continue to weaken as foreign direct investment in China declines as a result of animosity from the Chinese government and a deteriorating domestic economy, according to several economists. From $400 billion in yearly direct investment in 2020 to $20 billion in 2023, this decline reflects a …

On Friday, October 6, the Russian government lifted the ban on diesel exports via seaborne pipelines, removing most of the restrictions that were implemented on September 21. Restrictions applied to gasoline exports remain in place. Diesel is the largest portion of Russia’s exports of petroleum products, amounting to about 35 …

Russian President Vladimir Putin has ordered the government to provide state funding to ensure a smooth heating season, including by imposing regulations on the prices of fuel oil for home heating in some regions, the Kremlin said on Thursday. Russia has been facing a fuel shortage and rising prices in …

Factory activity in Russia grew at the fastest pace in more than six years in September, and employment in the sector increased at the fastest rate in more than two decades, a survey showed on Monday. The Standard & Poor’s Global Manufacturing Purchasing Managers’ Index rose to 54.5 from 52.7 …