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Russian oil
04/15/2022
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By Mary Villareal
EU looking at embargo on Russian oil products, potentially causing another supply chain catastrophe
European officials are now drafting plans for an embargo on Russian oil products, the most contested measure yet in punishing Russia for its invasion of Ukraine. After banning Russian coal – a move that sent coal prices around the globe at all-time highs – the European Union (E.U.) is now likely to adopt a similar […]
03/31/2022
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By Ramon Tomey
Saudi Arabia may increase oil prices amid Russia-Ukraine war
Saudi Arabia may increase the price of its crude oil as the repercussions of the Russia-Ukraine war are felt throughout global markets. An assessment by Bloomberg found that state-owned petroleum company Saudi Aramco may raise the selling price of its flagship Arab Light crude to $5 a barrel in Asia. The news outlet added that the price increase […]
03/16/2022
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By Mary Villareal
Record gas prices are pushing up everyday costs, could lead to recession
Americans are in shock with the surging prices at gas stations across the country. The global energy costs are now rippling through the economy following Russia’s invasion of Ukraine, and the surges appear to be making inflation problems even worse. John Migliorini, vice president of Lakeville Trucking in Rochester, New York, said that customers may […]
03/10/2022
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By Kevin Hughes
Oil prices soar as Russian sanctions stir supply chain concerns
The decision of the United States and Britain to stop Russian oil imports is expected to interrupt even further the global energy market with Russia being the second-largest exporter of crude. Oil prices settled down at four percent higher on Tuesday, March 8, but these have soared to more than 30 percent after Russia invaded Ukraine. […]
03/10/2022
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By JD Heyes
Biden regime seeks to enrich tyrannical regimes with oil money rather than allow U.S. companies to produce a domestic natural resource
Throughout his presidency, Donald Trump was accused by left-wing Democrats (and far too many RINOs) of “coddling dictators.” In reality, Trump was attempting to bury the hatchet with leaders like Vladimir Putin and North Korea’s Kim Jong-un because decades of adversarial diplomacy had not produced any progress at all towards making the world safer, since […]
02/27/2022
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By Arsenio Toledo
Russia selling crude oil at massive discounts as regional conflict turns away regular trading partners
Russia is selling its crude oil at record discount rates as the country prepares for the possibility of tough sanctions from Western nations following the beginning of its war with Ukraine. The crude oil from the oil-rich Ural Mountains region was offered at $11.60 a barrel below Dated Brent, which is one of several internationally […]
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