The United States eliminates oil from Russia's Sakhalin-2 from the price restriction

Oil from Russia's Sakhalin 2 energy project bound for Japan will be exempt from a price cap imposed by the US as part of efforts to squeeze Moscow's revenues for its war in Ukraine, according to Treasury Department guidance released Tuesday.

The crude oil price ceiling, which ot...

Why does the United States believe its proposal to impose a price restriction on Russian oil will be successful

According to a Senior Biden energy advisor, the United States is still "a ways away" from obtaining a global agreement to impose a price restriction on Russian oil exports, and the world's two largest energy consumers, India and China, have shown little interest in the idea thus far...