Oil

World

The Kremlin’s defiance adds to questions over whether the price cap will work.

Moscow insisted that it would not sell oil that is subject to a price limit agreed upon by the Group…

Finance

Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged

OPEC and its allies, including Russia, said on Sunday that they would leave their quotas for oil production unchanged. The…

Finance

The Week in Business: Upheaval in China

Credit...Giacomo BagnaraWhat’s Up? (Nov. 27-Dec. 3) Chinese Protest ‘Zero Covid’ Policies China appeared to ease off some of its Covid…

World

Ukraine’s Allies Agree on Russian Oil Price Cap

The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small…

World

Here is how the so-called price cap on Russian oil will work.

European Union diplomats have agreed on a $60-per-barrel limit on the price at which Russian oil can be traded outside…

Finance

OPEC and Russia to Meet as Global Forces Weigh on Oil Market

As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its…

Finance

Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge

The shape of the war, and its effects on global markets, in the months and years to come could determine…

Finance

U.S. Allows Chevron to Expand Energy Operations in Venezuela

BOGOTÁ, Colombia — The U.S. Treasury on Saturday granted Chevron a license for a limited expansion of energy operations in…

World

As Venezuelan Antagonists Talk, the U.S. Softens Its Stance

BOGOTÁ, Colombia — A rare meeting between leaders of Venezuela’s bitterly divided government and opposition is expected to result in…

Finance

Ukraine’s Allies Near Imposing Cap on the Price of Russian Oil

A complex effort by Ukraine’s allies to deprive Russia of billions of dollars in oil revenue by putting a cap…

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