U.S. President Donald Trump hit Russia’s two biggest oil companies with sanctions in a sharp policy shift on Moscow’s war in Ukraine, prompting global oil prices to rise by 5% and India to consider cutting Russian imports
The US issued new sanctions targeting Iran’s oil exports, including measures against a Chinese “teapot refinery,” as the Trump administration seeks to ramp up pressure on Tehran
USA, Israel, and Ecuador each submitted their filings to the U.S. Court of Appeals for the Second Circuit in New York, while Chile, Italy, Uruguay, Romania, and Ukraine jointly submitted their filing
The filing before the U.S. Court of Appeals for the Second Circuit was made Monday by the provinces of Mendoza, Chubut and Santa Cruz, which, as oil producers, are shareholders in YPF
Spanish oil company Repsol has begun producing oil in the Leon-Castile basin in the state of Louisiana, strengthening its footprint in the United States, a key region in its 2024–2027 strategic plan
U.S. President Donald Trump renewed his call for European countries to stop buying Russian oil, arguing that Russia will abandon the war in Ukraine if crude prices drop
U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd, according to data released by the Energy Information Administration (EIA)
In a client note, Barclays energy analyst Amarpreet Singh reiterated a constructive stance on the sector, citing resilient demand and persistent supply constraints among major producing nations
Oil prices declined for a third consecutive session on concerns the brewing trade war between major crude consumers the United States and the European Union will curb fuel demand growth by reducing economic activity
Argentina will file a request this Tuesday in U.S. courts to suspend the order related to the multi-billion-dollar lawsuit over the 2012 nationalization of Yacimientos Petrolíferos Fiscales (YPF), seeking to postpone the transfer of the company’s shares as ordered by New York Judge Loretta Preska
