The European Commission has submitted to member states a new draft of sanctions against Russia, including an oil embargo. Some member states that rely heavily on Russian energy sought exemptions. Western media reported that the European Commission d…
The U.S. and its allies plan to impose sanctions on more Russian industries and supply chains.The US government representatives recently visited Europe to consult with allies on strengthening and enforcing sanctions to punish Russia. They also plan t…
U.S. refiners forecast strong first-quarter earnings as margins on gasoline and diesel sales improved, refining capacity fell sharply and crude supplies tightened due to the Russia-Ukraine war.Global refining capacity has declined amid the coronaviru…