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Russian Oil Companies

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US Sanctions Hit Russian Oil Giants Amid Ukraine Conflict

Originally Published 2 months ago — by The Washington Post

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Source: The Washington Post

The US has imposed sanctions on Russian oil companies following strikes on Ukraine that resulted in 7 deaths, amid ongoing Russian attacks and the apparent collapse of a planned Trump-Putin meeting, indicating that a negotiated resolution to the conflict remains unlikely.

US Imposes New Sanctions on Russian Oil Amid Rising Oil Prices and Diplomatic Tensions

Originally Published 2 months ago — by U.S. Department of the Treasury (.gov)

Featured image for US Imposes New Sanctions on Russian Oil Amid Rising Oil Prices and Diplomatic Tensions
Source: U.S. Department of the Treasury (.gov)

The US Treasury has imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, along with their subsidiaries, to pressure Russia to cease its war in Ukraine and to weaken its ability to fund the conflict, calling for an immediate ceasefire and emphasizing continued support for peace negotiations.

US Imposes Major Sanctions on Russian Oil in Response to Ukraine Conflict

Originally Published 2 months ago — by Reuters

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Source: Reuters

Oil prices surged over $2 per barrel following US sanctions on Russian oil giants Rosneft and Lukoil, amid strong US energy demand and falling US crude inventories. The sanctions, coupled with geopolitical tensions and potential trade deal developments between the US and China, have contributed to the rally in oil markets.