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Ukraine

The president of the United States, Joe Biden, prohibited the import of a series of Russian products, such as cereals, vodka or caviar, and restricted trade relations with Moscow as part of a new package of sanctions in response to the invasion of Ukraine. Specifically, Biden revoked the status of…
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Oil price could hit $300

Given the ban by the United States on the import of oil and gas from Russia, the latter warned that the price of crude oil could reach 300 dollars per barrel. This was indicated by the Russian Deputy Prime Minister, Alexander Nóvak, who…

Biden blocks import of oil and gas from Russia

The president of the United States, Joe Biden, announced a ban on the import of oil, gas and coal from Russia, assuming that there may be other allies who, like the Europeans, cannot yet take such a big measure. "We will not subsidize…

Oil reaches its highest price in the last 14 years

The price ofBrent quality oil, a reference for Europe, reached the verge of 140 dollars, close to the historical maximums registered in 2008, after soaring almost 20 % at the beginning of the session due to fears that the United States may…

China will not apply sanctions against Russia

The Chinese authorities refused to join the sanctions imposed by the European Union and the United States against Russia for the invasion of Ukraine and have vindicated their position, contrary to the imposition of these measures. In a…

OPEC confirms increase in oil production

The Organization of Petroleum Exporting Countries (OPEC), together with its 10 allies, confirmed that starting in April, oil production will grow by 400,000 barrels per day. This increase had already been discussed previously in July of…