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Biden Vows To Defend Taiwan Against China’s Invasion

Biden Vows To Defend Taiwan Against China's Invasion The United States would defend Taiwan militarily if it was attacked, U.S. President Joe Biden said at...

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Russian Oil Revenues Soar Despite Sanctions

1. Gasoline Tightness Becomes Main US Concern - With the EIA reporting an almost 5-million-barrel stock draw in gasoline over the week ending May 13,...

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Why Russia’s Economy Hasn’t Collapsed Under The Weight Of Sanctions

Following Russia’s invasion of Ukraine, the U.S. and its allies implemented a set of unprecedented sanctions designed to destroy the Russian economy. ...

Business

Russian Oil Production Falls Almost 9% In April Amid Ukraine War

Russian crude production fell almost 9 percent in April. Russia now produces 1.28 million bpd below its OPEC+ designated output quota. The entire...

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Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65

Several E.U. member states made it plain that they will veto any E.U. proposal to ban Russian oil (or gas) imports. Removal of...

Opinion

The Right Way to Sanction Russian Energy

How to Slash Moscow’s Revenues Without Crippling the Global Economy Western sanctions are beginning to hit Russia where it hurts most: its energy exports....

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Oil Prices Surge Past $113 As Shanghai Signals End Of Lockdown

Oil prices have topped $113 per barrel on optimism that China’s lockdowns are coming to an end and demand will not take a prolonged hit. In...

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