Tag: Oil
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Oil Prices Surge Amid Renewed Hope for Ukraine Peace Talks
(Bloomberg) — Oil gained, finishing the week positive as investors assessed the murky outlook for a cease-fire in Ukraine and as the commodity pushed past an important technical level. West Texas Intermediate rose 0.7% to settle above $60 a barrel, signaling that a risk premium persists as a peace deal between Russia and Ukraine remains…
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EU and G7 Consider Complete Maritime Ban to Halt Russian Oil Revenues
The world’s richest democracies are weighing their toughest move against Moscow’s oil trade. G7 nations and the European Union are discussing a full ban on maritime services for Russian crude — a step that would choke off the Western ships and insurers still moving a large share of Russia’s exports, six sources told Reuters. The…
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Key Outcomes of Putin-Modi Talks: Ensuring Steady Oil Shipments
New Delhi, India – Under a thick blanket of smog in the world’s most polluted city, the leaders of Russia and India put on a display of diplomatic resilience, projecting a message that their bilateral partnership remains insulated from widening global fractures. At the Russia-India annual bilateral summit in New Delhi – against a backdrop…