• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 8 hours Oil prices going Up? NO!
  • 10 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 9 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 14 hours Oil prices going down
  • 2 days Gazprom Exports to EU Hit Record
  • 17 hours Could oil demand collapse rapidly? Yup, sure could.
  • 2 days Oil Buyers Club
  • 2 days Could Venezuela become a net oil importer?
  • 8 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 14 hours Saudi Arabia turns to solar
  • 1 hour Kenya Eyes 200+ Oil Wells
  • 1 hour Are Electric Vehicles Really Better For The Environment?
  • 16 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 day Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 16 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 7 hours OPEC soap opera daily update
Alt Text

Global Energy Consumption Soars To New Heights

The new BP Statistical Review…

Alt Text

OPEC’s Agreement Sends Oil Prices Soaring

Oil prices spiked on Friday…

Alt Text

Uncertainty Looms Large Over Latin American Oil

While Venezuela is grabbing a…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Where Would Increased U.S., EU Sanctions on Russia Leave Energy Investors in Ukr

The EU and the US say they will impose "further costs" on Russia over its actions in Ukraine, as unrest continues in the east of the country. Tension has been rising in eastern Ukraine, with pro-Russian activists occupying buildings in more towns. On 14 April White House spokesman Jay Carney warned that Russia's actions "will come with a cost,'' which has Western energy companies deeply invested in Russia, such as Exxon Mobil and BP, increasingly nervous.

While Russia denies stoking unrest in eastern Ukraine, British Foreign Secretary William Hague told reporters that he believed seizures of official buildings in eastern Ukrainian towns and cities "is something that is being planned and brought about by Russia."

From the Kremlin, Russian Foreign Minister Sergei Lavrov the same day denied allegations that Russian agents had been fomenting unrest in eastern Ukraine and added that he was seeking an explanation from the U.S. about a 12 April visit by CIA director John Brennan to Kiev.

So far, the limited European Union economic sanctions imposed because of Russia's annexation of Crimea do not cover Russian oil companies. President Obama has approved but not put into effect sanctions aimed at sectors of Russia's economy that include those of petroleum companies. Possible energy sanctions clearly worry the Kremlin, as oil and petroleum products represent more than two-thirds of Russian export earnings, and they finance just over half of the federal budget. The…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News