• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 18 mins Rioting and Protesting
  • 50 mins Would bashing China solve all the problems of the United States
  • 1 hour WHY was George Floyd Murdered and Why Publicly
  • 5 hours Thugs in Trumpistan
  • 6 hours Model 3 cheaper to buy than BMW 3 series.
  • 12 hours Iran's first oil tanker has arrived near Venezuela
  • 7 hours Pompeo's Hong Kong
  • 4 hours Build Back Better is the Latest Globalist Plot
  • 5 hours So the President is on that Hydroxy
  • 4 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 8 hours Obamagate Is Not a Conspiracy Theory
  • 10 hours Michael Moore's Controversial "Planet of the Humans" Movie
  • 15 hours Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown

Breaking News:

U.S. Postpones More Oil & Gas Lease Sales

The Future Of Wind Energy

The Future Of Wind Energy

Two of the biggest problems…

U.S. Asks Business Leaders To Boycott Russian Meeting

The White House is discouraging business leaders from attending an economic summit in Russia later this month. The St. Petersburg International Economic Forum runs from May 22-24, and U.S. government officials are hoping to further isolate the Kremlin for its aggressive actions in Ukraine by keeping investors and capital away from Russia.

According to several reports, White House officials made personal telephone calls to leaders of some of the biggest companies that planned on attending. Some appear to be listening. The CEO of Alcoa Inc., Klaus Kleinfeld, agreed not to attend. “In light of the U.S. government's requirements, Alcoa has adjusted its attendance at the St. Petersburg International Economic Forum,” the company said in a statement. Other companies that agreed to skip the conference include Goldman Sachs, PepsiCo, Morgan Stanley, and ConocoPhillips.

Still, some business leaders are worried about a backlash from Russian President Vladimir Putin that could affect their business interests in Russia, according to The New York Times. Several companies are sending lower-level Moscow-based executives to the event, in an effort to please both the White House and Putin. Privately, many major companies expressed frustration at the difficult position the White House is putting them in.

Related Article: Weakening Russian Energy Sector May Not Support Geopolitical Ambitions

The U.S. has also decided not to attend an energy forum that will be held in Moscow May 15 and 16. The biennial International Energy Forum, headquartered in Riyadh, Saudi Arabia, was formed following the Gulf War in the early 1990s after oil prices shot up. It is a regular meeting at the ministerial level and the 80+ member countries represent more than 90 percent of the world’s oil and gas reserves.

With violence between pro- and anti-Russian forces growing worse in eastern Ukraine, there is little hope that relations between Russia and the U.S. will improve anytime soon.

By Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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