Oil jumps as new US sanctions to curb Russian supply to China, India
Oil prices extended gains for a third session on Monday, with Brent rising above $80 a barrel to its highest in more than four months, as wider U.S. sanctions are expected to affect Russian crude exports to top buyers China and India.
New U.S. Sanctions on Russian Oil Disrupt Global Market Dynamics
China and India are set to increase oil imports from the Middle East, Africa, and the Americas following new U.S. sanctions targeting Russian oil producers and shipping. These sanctions, imposed on companies like
Russia Says It Will Continue Oil and Gas Projects Despite US Sanctions
Russia's Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow's energy sector as an attempt to harm Russia's economy at the risk of destabilising global markets and said the country would press on with large oil and gas projects.
Oil Hits More Than 3-Month High as US Sanctions Hit Russia Exports
SINGAPORE (Reuters) - Oil prices hit their highest level in more than three months on Monday's open, extending their rally on expectations that wider U.S. sanctions will affect Russian crude supplies to the world's top and third largest importers China and India.
Oil Prices Surge Amid U.S. Sanctions on Russian Crude Exports
Oil prices extended gains on Monday, with Brent crude surpassing $81 per barrel, its highest level in over four months. U.S. West Texas Intermediate (WTI) crude also climbed, reaching $78.10 per barrel.
US tightens grip: New sanctions squeeze Russian oil trade
The White House has announced new sanctions against Russian oil companies, which are expected to cost Russia billions of dollars per month. The restrictions target Gazprom Neft and Surgutneftegas, as well as 183 ships involved in oil exports.
Tougher U.S. sanctions to curb Russian oil supply to China and India
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers,
US escalates sanctions to cripple Russian oil sector
The White House has announced new sanctions against Russian oil companies, aimed at inflicting losses on Russia amounting to billions of dollars each month. The restrictions target Gazprom Neft and Surgutneftegaz,
The US keeps hitting Putin's war chest with energy sanctions. The impact goes beyond Russia.
On Friday, the US Treasury Department— together with the UK — slapped new sanctions against Russia's key energy sector, ...
Reactions to new U.S. sanctions against Russian energy interests
The U.S. Treasury on Friday announced sweeping new sanctions against the Russian energy sector, including oil majors Gazprom ...
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Asia-Pacific markets set to open lower after strong U.S. jobs report clouds Fed rate-cut path
China is slated to release its December trade data later in the day, while India is expected to report its inflation figures ...
Latest US sanctions against Russia: Gazprom must exit Serbian oil company NIS within 45 days – Reuters
Russian oil company Gazprom Neft, a subsidiary of the energy giant Gazprom, has been given 45 days to divest from its ...
Hungary plans talks with allies to combat higher oil prices after new US sanctions on Russia
Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US ...
Crude Oil Prices53m
Oil Prices Jump to 4-Month High on Fresh U.S. Sanctions
New US sanctions targeting Russia's oil industry, including Gazprom and the "shadow fleet", have pushed oil prices higher and forced Asian buyers to seek alternative sources.