Oil dips as coronavirus worries offset more Russia sanctions

Oil dips as coronavirus worries offset more Russia sanctions

Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register China extends lockdown in Shanghai EU and US plan more sanctions on Russia for alleged war crimes IEA still discussing how much oil to release from stockpiles Upcoming … Read more

Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Oil price soars on talks about Russia oil ban, Iran deal delay

Oil price soars on talks about Russia oil ban, Iran deal delay

Brent, WTI jump to highest since 2008 US, Europe discuss banning Russian oil imports Iranian nuclear talks clouded by Russian demands US and Venezuela discussed oil sanctions LONDON, March 7 (Reuters) – Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered … Read more