The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.
Tag: Oil (Petroleum) and Gasoline
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Europe Is Wrong to Blame the U.S. for Its Energy Problems
The complaints not only are misguided but also risk aiding Vladimir Putin in his attempted conquest of Ukraine.
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OPEC and Russia to Meet as Global Forces Weigh on Oil Market
As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its own interests.
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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.
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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.