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A glut of crude from sanctioned countries coupled with economic fears on Wall Street are pressuring oil markets, pushing down global oil prices on Monday to their lowest level since 2021. Front-month Brent futures slipped by 3.9%, to $71.84 a barrel, continuing a nearly weeklong slump following Sau
On May 19, 2023, the US Department of Treasury, State, and Commerce imposed the most significant tranche of sanctions and export control measures in several months. The measures...
Oil rallied on Monday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while fellow Opec+ members agreed to ..
On May 19, 2023, in coordination with the G7 summit in Japan, the U.S. announced new economic sanctions and export controls designed to further restrict the Russian Federation's (Russia)...
In conjunction with the G7 Summit in Japan, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) introduced additional economic sanctions on May 19, 2023,...