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UK Joins EU in Lowering Price Cap on Russian Oil

Oil & Gas‚ Oil and Gas Industry | intent | July 21, 2025 | Comment off

EU states earlier approved a fresh sanctions package on Russia that included new banking restrictions and curbs on fuels made from the nation’s petroleum. The package – the bloc’s 18th since Moscow’s full-scale invasion of Ukraine – will also cut off 20 more Russian banks from the international payments system SWIFT and impose restrictions on Russian petroleum refined in other countries. A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft PJSC, was also blacklisted.

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Oil Rises on Tight Supply Signals

Oil & Gas‚ Oil and Gas Industry | intent | July 18, 2025 | Comment off

“While inventories globally have built very significantly, stocks in the pricing centres – especially in the US – are still quite low,” Daan Struyven, head of oil research at Goldman Sachs, said on Bloomberg Television. Market focus has shifted to “downside risks to supply,” he said.

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Trump hints at sanctions for Russian crude, oil prices go up

Oil & Gas‚ Oil and Gas Industry | intent | July 14, 2025 | Comment off

West Texas Intermediate advanced almost 3% to settle above $68 a barrel after President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. One sanctions bill, which at least 85 senators have endorsed, would levy 500% tariffs on China and India if they make any purchases of Russian energy.

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Oil Prices Dip on Tariff Expectations

Oil & Gas‚ Oil and Gas Industry | intent | July 9, 2025 | Comment off

Despite energy trade being one of the focal points of trade negotiations between the U.S. and its partners, the dominant perception about the effect of tariffs on oil prices is negative. Most analysts point to the effect of tariffs on the economy of countries being “punished” with them, and, consequently, on oil demand.

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