Whatever the short-term benefits for producers, the market upheaval could accelerate the transition away from oil, he says.
Tag: Embargoes and Sanctions
Russia Strikes Ukraine’s Cities and Accuses U.S. of “Economic War”
Misery deepened in Ukraine, where millions of people were caught in besieged cities, and in Russia, where the West’s economic sanctions were biting hard.
No Ikea Shelves, No Levis: The Western Retail Exodus From Russia Is On
Since the invasion of Ukraine began, the increasing financial and reputational risks of doing business in Russia are leading Western brands to halt operations.
Russia’s Other Contest With the West: Economic Endurance
Which side can maintain domestic support as the war costs regular citizens could also determine the outcome in Ukraine.
Biden Bans Oil Imports From Russia, Warning Gas Prices Will Rise
Officials said President Biden had struggled for days over the move amid deep concerns about accelerating the already rapid rise in the price of gasoline.
How Russia’s War in Ukraine Complicates the Iran Nuclear Deal
With the world eager to wean itself from Russian oil after the invasion of Ukraine, negotiators appeared close to signing a revived nuclear pact with Iran and lifting sanctions. Then Moscow put up a hurdle.
Venezuela Could Be Fill-in for Russian Oil, But Critics Fear Aiding Maduro
U.S. officials are reportedly considering easing sanctions on Venezuelan crude as oil prices have skyrocketed.
A 459-Foot Mystery in a Tuscan Port: Is It a Russian’s Superyacht?
As European authorities go after the luxury assets of oligarchs close to Vladimir Putin, a superyacht cloaked in secrecy has come under investigation.
Biden Officials Weigh Russian Oil Ban as Gas Prices Soar
Global stocks dipped on Monday as U.S. officials discussed an oil cutoff, and gas prices hit a national average above $4, up more than 10 percent in a week.
What We Know About Brittney Griner’s Detention in Russia
The W.N.B.A. star was stopped at an airport outside Moscow and accused of carrying hashish oil in her luggage. She is expected to remain in custody through her trial.