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Antony Blinken says US now in ‘active discussions’ with European partners but alternative sources must be found first

When rebounding oil demand began pushing benchmarks higher last year, forecasters and traders alike watched the U.S. shale patch with bated breath to see when drillers would start drilling again. Most didn''t. The ones that did were the smaller, privately held players. Public shale companies suffered a serious blow from the pandemic when growing shareholder disgruntlement combined with the unprecedented destruction of demand for oil to pressure them into a rearrangement of priorities, to which these companies appear to have stuck despite the price…

The United States and European allies are considering an import ban on Russian oil amid the conflict with Ukraine.

The United States has said it was in “active discussions” with its European allies about banning Russian oil imports as a further economic penalty on Moscow over its invasion of Ukraine. “We are now in very active discussions with our European partners about banning the import of Russian oil to our countries, while of course […]

There''s growing bipartisan support for the move among lawmakers

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Departure of German-flagged Seacod from Ellesmere Port in Cheshire follows similar action at Kent port

The Biden administration is discussing a potential ban on Russian oil imports in conjunction with its European allies amid Russia''s invasion of Ukraine, according to US Secretary of State Antony Blinken. "We are now talking to our European partners and allies to look in a coordinated way at the prospect of banning the import of Russian oil while making sure…

(Bloomberg) -- U.S. Secretary of State Antony Blinken said the Biden administration and its allies are discussing an embargo of Russian oil, a move that threatens to make an already heated oil market even more volatile.

"Energy Shortages Could Threaten Social Cohesion": Germany Warns Against Ban On Energy Imports From Russia At a time when US officials are saying virtually every day that the US is in " active discussions " to ban Russian oil imports, Germany''s economy minister said that while he regrets the country is still dependent on imports from Moscow, he warned against a comprehensive ban on energy imports from Russia. As Dutesche Welle reports, "Germany is currently still dependent on Russian fossil fuels", Economy Minister Robert Habeck said on Thursday; he spoke out against a ban on energy imports from Russia in the wake of Moscow''s invasion of Ukraine. "I would not advocate an embargo on Russian imports of fossil fuels. I would even oppose it," he said after meeting German business leaders. "We need these energy supplies to maintain the price stability and energy security in Germany," Habeck added, warning that "a shortage in supply could threaten social cohesion in Germany." Habeck stressed Germany "must free ourselves" from imports of Russia''s gas, coal, and oil.

A day after many of them spoke with Ukraine’s president, U.S. lawmakers are pledging to provide additional military aid to Kyiv as the government there continues to fight for its survival amid the invasion by Russia. Congress will soon approve emergency funding, putting “$10 billion into both defensive equipment for Ukraine, but also humanitarian assistance to get civilians out,” said Sen. Chris Murphy of Connecticut, on "Fox News Sunday." Despite generally bipartisan and robust support for Kyiv, members of the U.S. Congress are drawing the line at another Ukrainian request: a no-fly zone for the country’s airspace to deter Russian aerial attacks. That would mean "World War III,” Republican Sen. Marco Rubio of Florida told ABC’s “This Week” program Sunday. "I think there are a lot of things we can do to help Ukraine protect itself… but I think people need to understand what a no-fly zone means." Another senator, Joe Manchin of West Virginia, a Democrat, expressed a less strict stance. “I would take nothing off the table,” he said on NBC’s “Meet the Press.” Murphy, a Democrat, commented on Fox News: “If I were President Zelenskyy, I would be asking for a no-fly zone.

BET À DAY The United States and the European Union are “very actively discussing” the possibility of banning imports of Russian oil in response to the invasion of Ukraine, the head of the Commission said on Sunday. American diplomacy Antony Blinken. “We are talking to our European partners and allies to consider, in a coordinated […] The post United States and European Union discuss ban on Russian oil imports first appeared on The Bobr Times .

Indian policymakers must stay on special alert, given the vulnerability of our external trade balance and domestic price stability to an oil flare-up

CAIRO (AP) — Libya’s national oil company said Sunday that an armed group has shut down two crucial oil fields,…