Two of what threatened to be huge oil market shake-ups in a year of seismic industry change took a back seat Monday, as more inflation data drove oil prices lower. Meanwhile, OPEC+ decided to hold ste...
Tag: Embargo
Iran bypasses US embargo to import $10 million goods with cryptocurrency
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Google Russia Files for Bankruptcy after Operational Embargo
Google remains one of the few American tech outfits that still have some level of operations in Russia. Google Russia, the subsidiary of American multinational technology conglomerate holding company,...
New York Senate passes an embargo on bitcoin mining for 2 years
It’s a sad day for the cryptocurrency community. According to reports, the New York State Legislature on Friday 3 June 2022 passed a bill to prevent new permits for certain fossil fuel power plants fr...
The Russian oil embargo and its consequences
The European Union has reached an agreement, which is estimated to bring up to 22 billion in lost revenue to the Kremlin’s coffers and a rise in the price of Brent crude Sanctions for Russia: the new ...
EU Spares Pipeline Oil From Russian Embargo Plan to Break Logjam
(Bloomberg) — The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an a...
Gas Prices Jump To Record Highs
Topline Prices at the pump hit a new all-time high on Tuesday as suppliers struggle to meet global demand amid ongoing conflict in Ukraine, rising crude oil prices and rebounding demand after years of...
Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo
Topline The European Union’s ban on Russian oil is in jeopardy Friday after Hungary’s Prime Minister Viktor Orban rejected proposals as too costly and too swift for the country to implement, marking a...
EU Unveils Plans For Russian Oil Embargo In Latest Wave Of Sanctions For Invading Ukraine
Topline The European Union is poised to ban Russian oil imports as part of a new wave of possible sanctions, European Commission president Ursula von der Leyen announced on Wednesday, marking the bloc...
Germany Drops Opposition To Russian Oil Embargo
Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand expectations in China. Brent Crude climbed 1.7 percent to $109.40 per barrel, w...
Putin’s Ruble Standoff With Europe Risks De Facto Gas Embargo
(Bloomberg) — The European Union and Russia are at risk of triggering a de facto embargo on Russian gas after the bloc’s lawyers drafted a preliminary finding that the mechanism President Vladim...
Can QvaPay Break Through Cuba’s Embargo? Or, Is It A Governmental Spy Tool?
The debate around QvaPay is just starting. On the one hand, the app is a solution for Cubans abroad to send money to their loved ones on the island. On the other, it’s accused of being a surveillance...
Si vivieras en Cuba bajo un embargo económico, entenderías Bitcoin
Los cubanos no tienen Visa ni Mastercard, pero cuentan con PayWithMoon, plataforma que les permite cargar una tarjeta prepaga virtual con bitcoin (BTC). No pueden usar bancos, pero encontraron en bitc...
Russian Ruble Tanks, Oil Prices Soar on EU and US Embargo Talks
The US government and EU authorities said over the weekend that they are considering banning Russian oil imports. Shortly after, the ruble dumped by another 10%, while oil prices skyrocketed during ea...
European Currencies Crumble With Ruble on Oil Embargo Threat
(Bloomberg) — European currencies are plunging to new lows as the war in Ukraine escalates, spurring macro traders to sell some of their most liquid assets. Most Read from Bloomberg The euro fel...
Oil Prices Soar as Russian Embargo Talk Fuels Fears of Supply Shortage
(Bloomberg) — Oil soared in Asia — jumping as much as 18% early in the session — after reports that the U.S. was discussing a ban on Russian crude imports sent shock waves through an...
Stocks, Futures Drop as Oil Soars on Embargo Risk: Markets Wrap
(Bloomberg) — Stocks and U.S. equity futures slid Monday, while havens including sovereign bonds rallied, amid fears of an inflation shock in the world economy as oil soared on the prospect of a...
U.S. oil prices soar Sunday, briefly punching above $130 as talk of Russia oil embargo heats up
Values for U.S. oil soared Sunday evening, driving prices above $125 a barrel in electronic trade as discussions about a ban on Russian oil heated up. Secretary of State Antony Blinken said Sunday the...
Iran allows usage of crypto to settle foreign payments amid complete U.S embargo
The Islamic Republic of Iran has had a complicated relationship with cryptocurrencies over the years. Anyone following the developments would certainly agree with this. In the latest move, Iranian aut...