Oil prices soared on Tuesday after the United States banned imports of Russian oil, a move that also pushed nickel up to an all-time high and rattled stock markets. Although it remained below Monday’s high of $139.13 a barrel, Brent, the main international benchmark, rose 6.8% to $131.63. For its part, the reference barrel in […]
Tag: Petroleum
The United States assures that it has not changed policy with Venezuela after visiting Caracas
The Government of the United States assured this Tuesday that it has not changed its policy towards Venezuela, after the visit last weekend of two US officials to talk about “energy security” with the government of Venezuela. Nicholas Maduroin the midst of the Russian invasion of Ukraine. This was stated by the undersecretary for Political […]
US bans import of crude oil, gas and coal from Russia due to Ukraine invasion
The United States banned imports of oil, natural gas and coal from Russia on Tuesday, as punishment for the invasion of Ukraine, although it recognized that the measure will cost its own citizens due to the increase in fuel prices. US President Joe Biden announced the veto in a speech at the White House before […]
EU will stop importing Russian fuels “well before 2030”
The European Union (EU) intends to completely eliminate its dependence on Russian fuels “long before 2030″ to ensure that the 27-country bloc does not again face difficult decisions, with potentially dire consequences for their economies, in the face of geopolitical crises such as the Russian invasion of Ukraine. EU leaders will meet in Versailles, outside […]
US ordered embargo on oil and gas imports from Russia
the president of United States, Joe Bidenordered this Tuesday, March 8, the embargo on US imports of oil and gas due to the war in Ukraine by Russia. “Russian oil will not be accepted at US ports,” Biden said at a press conference from the White House and also replied on his Twitter account. The […]
Oil markets worry about supply shock as some buyers shun Russia
Updated on 03/08/2022 12:13 pm As the West debates possible restrictions on Russian oil and gas, there are signs that some buyers are already avoiding them, fueling market nervousness about a possible big hit to supply. Russia is the world’s leading exporter of crude oil and petroleum products combined, with around seven million barrels per […]
Contacts between the US and Venezuela for oil after the Russian invasion of Ukraine
Venezuela’s illegitimate President Nicolás Maduro expressed interest in improving relations with the United States after holding talks with high-level US officials, prompted in part by Russia’s invasion of Ukraine and concerns about rising gasoline prices in the U.S. United States. In a televised meeting with members of his cabinet on Monday night, Maduro did not […]
USA: The world is getting ready for Biden to ban Russian oil from today
With information from EFE US President Joe Biden will announce this Tuesday the ban on imports of oil, natural gas and coal from Russia, in a new measure of pressure on Moscow for the invasion of Ukraine, according to several US media. The White House has sent an update on the presidential agenda that includes […]
War in Ukraine: Shell will stop buying oil and gas from Russia
In the midst of the war in Ukraine, the company shell announced this Tuesday, March 8, that it will stop buying gas and oil from Russia; as well as the closure of its gas stations in that country, but that they will not be able to disassociate themselves from the country immediately due to long-term […]
Shell announces that it will not buy more oil from Russia and that it will close all its gas stations
The Anglo-Dutch company Shell will stop buying gas and oil from Russia and will close its gas stations in that country, it announced on Tuesday in a statement in which it also presented its “apologies” for having acquired Russian hydrocarbons after the invasion of Ukraine. “Shell announces its intention to withdraw from its involvement in […]