Oil producers rush to hedge as US sanctions on Russia send prices higher
Energy producers have rushed to lock in oil prices since the United States announced its harshest sanctions yet on Russian energy trade on Friday, which sent oil prices surging to multi-month highs, market participants said.
Oil Hits Five-Month High as US Sanctions on Russia Menace Supply
Oil settled near $79 a barrel — a five-month high — as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies from one of the world’s top producers.Most Read from BloombergThese Homes Withstood the LA Fires.
Russia is willing to help develop Vietnam's nuclear power sector and provide it with crude oil and LNG, the two countries ...
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...
The price of WTI crude oil approached $80, marking a five-month high, and lifted ETFs holding oil and energy stocks in the process.
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A diesel hydrotreating unit at a refinery of Russian oil major company Lukoil in the city of Volgograd caught fire on Wednesday morning, two oil industry sources told Reuters. "All extinguished.
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