Saudi Arabia and Russia cut oil supply again
Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to…
Russian oil
Oil major TotalEnergies doubles annual profit to $36B
French oil major TotalEnergies (TTEF.PA) posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector’s bumper earnings thanks to higher oil and…
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India signals it will continue to buy oil from Russia
India’s foreign minister Subrahmanyam Jaishankar has signaled that his country will continue to buy oil from Russia, even as Western governments press Moscow with a price cap on its oil…
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What’s the effect of Russian Oil Price Cap, Ban?
The Western nations imposed a price cap on Russian oil that will be effective on December 5, the same day the European Union will start a boycott on most Russian…
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EU agrees to impose price cap for Russian oil
EU agrees to impose price cap for Russian oil Newslooks-BRUSSELS (AP) European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow…
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Europe’s central bank backs larger-than-expected rate hike
Europe’s central bank backs larger-than-expected rate hike Newslooks- FRANKFURT, Germany (AP) The European Central Bank raised interest rates Thursday for the first time in 11 years by a larger-than-expected amount,…
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Italy imports more Russian oil despite impending embargo
Italy has been left with no other real choice, but to keep buying Russian crude oil, in hopes to keep the country’s largest refinery, located in Sicily, open and running,…
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Italy finds way around sanctions on Russian oil
Although the European Union has announced sanctions on Russian oil, Italy has apparently found a way around them. The country said it is able to accept rubles on the market…
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If Europe cuts off Russian oil, what’s the impact ?
The 27-member European Union is finding that reversing decades of Europe’s dependence on Russian oil and natural gas is not a simple matter, the infrastructure is just not there to…
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At economic summit, Yellen to avoid Russians
The International Monetary Fund and World Bank is holding meetings this week in Washington D.C., and Treasury Secretary Janet Yellen will be attending but not interacting with Russians, who are…
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100-0 vote in Senate to suspend normal trade with Russia, ban oil
In a rare show of unity, all Republicans and Democrats in the Senate voted to suspend normal trade relations with Russia and ban the importation of its oil. The House…
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