Oil Hits Five-Month High as US Sanctions on Russia Menace Supply
Oil settled near $79 a barrel — a five-month high — as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies from one of the world’s top producers.Most Read from BloombergThese Homes Withstood the LA Fires.
Oil edged higher in the early Asian trade as supply-side pressures from U.S. sanctions against Russia’s oil industry likely supported prices, Exness said.
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since ...
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...
Russian Foreign Minister Sergei Lavrov said on Tuesday that Moscow was in contact with its "Serbian friends" about the fate ...
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U.S. Cripples Russia’s Arctic Oil IndustryThese measures have halted crude oil deliveries to Asian buyers, leading to logistical challenges and growing stockpiles, ...
The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.
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