Oil Markets Boil Over as U.S. Sanctions Hit Russian Energy
Oil prices surged to their highest in over four months, fuelled by a new wave of U.S. sanctions targeting Russia’s energy sector. The measures have...
Tag: OPEC+
OPEP+ decision: are we back in the 70s?
OPEC+ has announced a surprise cut in oil production of more than one million barrels per day, abandoning previous assurances that it would maintain stable...
Oil may rise again in the second part of the year
Russia’s plan to reduce oil production by 500,000 barrels per day in retaliation for sanctions, if kept beyond June, will tighten the market, exacerbating the...