oil industry – Charm

Russia has built up a certain immunity to such measures

Cs news3 days ago02 mins

MOSCOW (Reuters) -Russia has built up a certain immunity to Western sanctions and adapted to them, the Kremlin said on Friday, after the European Union agreed an 18th package of sanctions against Moscow, including measures aimed at its oil industry. The package aims to lower the G7’s price cap for buying Russian crude oil to…

Plentiful oil supply dampens industry reaction to growing Middle East conflict

Cs news10 months ago10 months ago08 mins

By Georgina McCartney and Liz Hampton HOUSTON/DENVER (Reuters) -The oil industry and markets have had a muted reaction to growing conflict in the Middle East, a sign of just how well stocked oil supplies are as U.S. output grows and OPEC+ prepares to lift production. The global oil benchmark Brent jumped 5% on Tuesday after…