Oil had one of its biggest days of the year after the U.S. added new sanctions on Russian energy firms, but tight futures positioning set the stage for the big move.

Trump, who has to date not put sanctions on Russia over the war and instead relied on trade measures, says Rosneft and Lukoil will be targeted. Key US politics stories from…

The measures taken against Rosneft and Lukoil mark the first time the US has sanctioned Russia since Donald Trump’s return to office in January

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President Donald Trump announced new sanctions against Russian oil companies Lukoil and Rosneft amid growing frustration over the war in Ukraine.

Assets in US belonging to Rosneft and Lukoil frozen, and American firms barred from doing business with them

Rosneft y Lukoil suponen la mitad de la producción del país. El precio del Brent escala más del 3% y retoma los 65 dólares

Commenting on the impact of the sanctions, Alexey Belogoryev cited the baseline scenario as a possible short-term decline in seaborne oil supplies and possibly some petroleum…

The Trump administration could take an even harder line on Russia next year as the crude market faces a looming surplus.

Oil had one of its biggest days of the year after the U.S. added new sanctions on Russian energy firms, but tight futures positioning set the stage for the big move.

The recent increase in oil prices represents the market correction, noted the Chief Oil Analyst at Turner Mason & Co

MOSCOW: Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin…