Oil

World

Russia Is Starting to Feel Squeezed by Sanctions

Vladimir Milov, a Russian opposition politician who favors strong sanctions against Russia to stop the war in Ukraine, asked me…

Business

Biden Administration to Buy Three Million Barrels of Oil

The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help…

World

Turkey Is Strengthening Its Energy Ties With Russia

As Moscow seeks new customers for oil, gas and coal, Ankara is a willing buyer as it promotes plans as…

World

An E.U. embargo of Russian oil and the G7’s price cap take effect.

Europe and the United States started enforcing on Monday two of the toughest measures aimed at curbing Russia’s income from…

World

The Kremlin’s defiance adds to questions over whether the price cap will work.

Moscow insisted that it would not sell oil that is subject to a price limit agreed upon by the Group…

Business

Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged

OPEC and its allies, including Russia, said on Sunday that they would leave their quotas for oil production unchanged. The…

Business

The Week in Business: Upheaval in China

Credit...Giacomo BagnaraWhat’s Up? (Nov. 27-Dec. 3) Chinese Protest ‘Zero Covid’ Policies China appeared to ease off some of its Covid…

World

Ukraine’s Allies Agree on Russian Oil Price Cap

The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small…

World

Here is how the so-called price cap on Russian oil will work.

European Union diplomats have agreed on a $60-per-barrel limit on the price at which Russian oil can be traded outside…

Business

OPEC and Russia to Meet as Global Forces Weigh on Oil Market

As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its…

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