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Oil prices surge amid sanctions and depleted US reserves
Oil prices on the New York fuel exchange remain high due to concerns about threats to the global supply of this resource.
Oil retreats slightly after boost from US crude draw, Russia sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest ...
Russia faces higher costs on sea-borne oil exports due to new US sanctions
The new sanctions target traders in the so-called shadow fleet that have allowed Russia to get its oil to global markets.
Brent Crude Oil Hits $80 a Barrel for First Time Since October
Oil surpassed $80 a barrel as traders digested a report that Indian oil processors are bracing for new US sanctions that ...