US to impose new costs on Russian evasion of oil price cap
CNN — The Biden administration is set to announce new measures to raise the cost of Russia’s attempts to skirt a limit set on the price for its oil, a…
US seizes nearly 1 million barrels of Iranian oil allegedly bound for China
CNN — The US government seized nearly 1 million barrels of Iranian crude oil allegedly bound for China, according to newly unsealed court documents and a statement released by the…
Oil prices have doubled in a year. Here’s why
It’s a good day for OPEC. Data published Monday by the oil cartel show its members have largely complied with an agreement to slash production. The confirmation caps a remarkable…