ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owe...
Tag: International Sanctions
Oil Prices Could Jump in December. Energy Stocks Should Get a Jolt.
Oil prices have had a quiet November, holding steady around $90 per barrel. There’s a good chance the calm won’t last. A new set of sanctions from Europe will ratchet up the pressure against Russia an...
Venezuela’s U.S. Creditors Take Small Comfort From Sanctions Relief
Venezuela’s creditors welcomed its potential rapprochement with the U.S. but still face risks and uncertainties in collecting from the South American country’s bankrupt government as its relations wit...
EU Shipowners Race to Move Russian Oil Before Sanctions Kick In
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Big Insider Buys of Oil and Solar Stocks Are Plays on Russia Sanctions
Text size Crude-oil storage tanks at a Plains All American Pipeline facility. Angus Mordant/Bloomberg Insiders have snapped up stock of two companies whose prospects have brightened due to Russia’s in...
Default Won’t Trigger a Long Winter for Russia
Failing to pay your debts can stop you getting a loan again. Except if you are a country—even Russia. Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution. Becaus...
Sanctions Push Russia Near First Foreign Default Since Revolution
Russia was poised to default on its foreign debt for the first time since 1918, pushed into delinquency not for lack of money but because of punishing Western sanctions over its invasion of Ukraine. R...
Europe Inches Closer to a Ban on Russian Oil. Here’s What That Would Mean.
Europe will continue debating a ban on imports of Russian oil over the weekend. While such a deal is far from certain, the New York Times reported Friday that the European Union could approve a phased...
Opinion: Why the United States is reluctant to become the Saudi Arabia of natural gas
OXFORD, England (Project Syndicate)—With images of Russian aggression and war crimes in Ukraine continuing to dominate the media in Europe and around the world, Germany has pledged to cut its imports ...
Oil Markets Will Enter 2023 in a State of Creative Destruction
Illustration by Jon Krause Text size About the author: Karim Fawaz is an oil market analyst and research and analysis director at S&P Global Commodity Insights. The history of oil markets is litte...