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Russian oil
05/02/2022
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By JD Heyes
“Woke” investors are putting American national security at risk with their anti-fossil fuel gambits
Whatever platforms Joe Biden ran on during his 2020 basement campaign for president, not once did he or his hapless running mate, Kamala Harris, say they sought to completely change our mode of transportation and neuter the fossil fuel industry. Yes, they made some mention of “green energy,” of course, like all Democrats do, but […]
04/28/2022
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By Ethan Huff
Germany signals support for “gradual” EU ban on Russian oil after Moscow rejects gas payments from seized trading firm
For the first time, Germany says it is now ready to impose a “gradual ban” on Russian oil amid the ongoing conflict in Ukraine. After Russia refused to accept a payment from a trading firm that Germany seized from Moscow’s control following its invasion of Ukraine, the European Commission is escalating the situation further by […]
04/20/2022
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By Ethan Huff
Starting next week, EU will impose full embargo on Russian oil, sending prices above $185 a barrel: JPMorgan
Following the French election this upcoming weekend, the European Union (EU) is reportedly planning to impose a full embargo on all Russian oil, which JPMorgan says will drive the oil price beyond $185 a barrel. To minimize public support for Marine Le Pen, the EU is apparently waiting until after the second round of voting […]
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 […]
04/05/2022
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By News Editors
Russia is quietly making the case for owning gold
Russia has quietly made the case for owning gold. (Article republished from SchiffGold.com) The head of the Russian Parliament, Pavel Zavalny, made comments recently addressing the subject of economic and financial sanctions. It’s clear that gold is playing a large role in protecting Russian wealth. That role may get bigger and it could create a paradigm shift in […]
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. […]
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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