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Tag Archives: Russian oil

Russia to halt supply of oil, oil products if prices capped

Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a decree on Tuesday introducing countermeasures to a price ceiling imposed by Western countries on Russian oil. The supply of Russian oil and petroleum products to foreign legal entities and individuals will be banned if a price cap is directly or …

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G7 to impose price cap on Russia oil: U.S. treasury secretary

Russia’s revenue from oil exports in June increased 40 percent from the average level last year despite Western sanctions Washington, U.S. | Xinhua | Finance ministers of the Group of Seven (G7) countries have agreed to impose a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen said in a …

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Oil prices rise as supply concerns persist

New York, U.S. | Xinhua | Oil prices advanced on Friday as concerns over tighter supplies remain on the market. The West Texas Intermediate for June delivery added 4.36 U.S. dollars, or 4.1 percent, to settle at 110.49 dollars a barrel on the New York Mercantile Exchange. Brent crude for July …

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Oil prices jump as OPEC warns of supply risks

OPEC Secretary-General Mohammad Barkindo says prices as being driven not by fundamentals but primarily by political factors at present New York, U.S. | Xinhua | Oil prices surged on Tuesday after the Organization of the Petroleum Exporting Countries (OPEC) warned of severe supply risks if Russian oil is fully banned. The West …

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Oil prices surge on renewed supply concerns

New York, U.S. | Xinhua | Oil prices jumped on Thursday as supply worries returned to the market. The West Texas Intermediate (WTI) for April delivery added 7.94 U.S. dollars, or 8.4 percent, to settle at 102.98 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery …

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