The plan to curb Moscow’s oil revenues relies heavily on European shipping and insurance companies, but experts point to major loopholes.
Tag: Oil (Petroleum) and Gasoline
How a German State Helped Russia Complete Nord Stream 2
The threat of U.S. sanctions jeopardized completion of a second direct gas pipeline from Russia. So Gazprom and German officials concocted a phony climate foundation to get the job done.
EU Talks Over Russian Oil Price Cap Drag On
The negotiations over a policy intended to crimp a vital source of revenue for Russia’s war effort have been going on for more than a week.
Isabel dos Santos, Daughter of Angola’s Ex-President, Faces Arrest on Corruption Charges
Isabel dos Santos, the daughter of Angola’s former president, was accused of enriching herself with state resources during her time in control of the country’s oil company.
Chinese Unrest Over Lockdown Upends Global Economic Outlook
Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation.
U.S. Allows Chevron to Expand Energy Operations in Venezuela
The license, limited in scope, was issued amid the resumption of talks between the Venezuelan government and opposition, and comes as President Nicolás Maduro desperately needs to improve the economy.
As Venezuelan Antagonists Talk, the U.S. Softens Its Stance
Negotiations between the Venezuelan government and opposition could lead to an easing of the country’s protracted crisis.
G7 and Allies Hit Snag Over Setting Price Cap on Russian Oil
The effort to negotiate a cap on the price of Russian oil is expected to resume, but when and where is not clear.
Inside the Saudi Strategy to Keep the World Hooked on Oil
The kingdom is working to keep fossil fuels at the center of the world economy for decades to come by lobbying, funding research and using its diplomatic muscle to obstruct climate action.
Oil Prices Slide as Investors Worry Energy Demand Is Slowing
The U.S. benchmark oil price fell to about $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.