Global Oil Markets Respond as US Sanctions Tankers for Price Cap Violations
Global oil markets remained on edge today following yesterday’s announcement that the U.S. with the support of the G7 and Australia was imposing the f...
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Global oil markets remained on edge today following yesterday’s announcement that the U.S. with the support of the G7 and Australia was imposing the f...
It looks like the days of Russia’s so-called “shadow fleet” are numbered. The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced Thursday that it had...
The United States' decision to impose stricter sanctions on Russian crude sales triggers a 4% surge in global oil prices, raising concerns about volatility
The U.S. imposed the first sanctions for violations of the price cap on Russian oil introduced by the Group of Seven nearly a year ago.
The U.S. on Thursday imposed the first sanctions on owners of tankers carrying Russian oil above the G7 price cap of $60 a barrel…