Tag: Russia

Goldman Sachs has warned its clients that oil prices could skyrocket to $107 per barrel next year should Russia and Saudi Arabia continue to implement aggressive output cuts. This comes after the two nations announced that they would extend their production cuts until the...

Futures in New York experienced a marginal decline on Monday as investors' focus turned to a short-lived challenge against Russian President Vladimir Putin on the weekend by Russian mercenaries. Contracts listed on the S&P 500 fell 0.09%, while those on the Dow Jones Industrial Average...

Speakers at the CERAWeek energy conference observed that Europe is set to struggle to build up gas supplies for the next winter as the continent looks to cut itself off from Russian supplies. While Europe still made use this winter of Russian imports that arrived...

Leading banking and financial experts have noted that the current oil market differs significantly from that before Russia's invasion of Ukraine on February 24, 2022. “It is the most significant set of market dislocations and distortions in energy markets generally speaking that I ever recall,”...

U.S. officials and representatives from its allied nations have agreed to convene in March to perform a review in March of the level of the Russian crude price cap. In addition, the participating nations will look to impose price caps on Russian refined fuel...

The Russian rouble gained 2.8% against the U.S. dollar at 68.31 on Monday morning, thereby producing a steep turnaround after incurring its sharpest weekly decline since early July amid fears surrounding the impact of oil and gas sanctions against Russia on revenues. In addition to...