Oil also received some support from solid refinery demand in China last month and a decline in US crude inventories. Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries, while U.S. President Donald Trump said he was prepared to impose sanctions on Russia if NATO […]
Investors weigh impact from Trump threats over Russian oil. Oil prices were little changed on Friday and heading for a weekly gain as investors weighed the impact of further tariffs and sanctions by U.S. President Donald Trump. Brent crude futures were down 35 cents, or 0.49%, at $71.35 a barrel by 1039 GMT. U.S. West […]
The sanctions which followed the 2022 Russian invasion of Ukraine generated a large trade shock for firms trading with Russia. This column examines the short-run response of firms in Latvia – a small open economy with strong pre-war trade ties with Russia. The author finds that firms with lower initial exposure to Russia were the […]
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. Dombrovskis did not mention the level to which the European Union would want the price […]
