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Risk appetite remains limited as the war in Ukraine intensifies. The price of US crude eased below the $110 per barrel yesterday then jump back above $114, on reports that smoke was visible from a nuclear power plant in Ukraine. Although the rising hope that a nuclear deal with Iran could unlock the potential of […] The post No Appetite appeared first on Action Forex .

Victims of the Sept. 11 terror attacks have asked the U.S. government to seize Iranian crude oil suspected to be on an American-owned oil tanker in Asia

India is the world’s third biggest oil importer and relies on foreign suppliers to meet more than 80 percent of its demand.

The Bank of Japan sees the rapid increase in oil prices following Russia’s invasion of Ukraine pushing inflation beyond its latest forecast, adding to the negative factors weighing on a fragile economy, according to people familiar with the matter.

On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Sens. Mark Warner (D-VA) and Jeanne Shaheen (D-NH) argued that oil companies are not producing as much as oil as they could to keep the price high and these companies need to increase

WASHINGTON DC, USA – A bipartisan group of US senators introduced a bill on Thursday, March 3, to ban US imports of Russian oil, saying the shipments could be replaced by boosting output in North America and other places. The bill, Banning Russian Energy Imports Act, is intended to punish President Vladimir Putin over his invasion of Ukraine and is sponsored by 18 senators in the 100-member chamber, including Joe Manchin, a conservative Democrat, and Lisa Murkowski, a Republican. Similar legislation has been offered by Senator Ed Markey, a liberal Democrat. House of Representatives Speaker Nancy Pelosi also said she supports a ban. “I’m all for that,” she told reporters. “Ban the oil coming from Russia.” The bill would have to pass the Senate and House and be signed by President Joe Biden to become law, but the White House has indicated reluctance to support moves that could increase the price of gasoline at a time when inflation is already high. The White House did not immediately respond to a request for comment about whether Biden, a Democrat, would sign the bill. “I don’t believe this country should be importing anything from Russia,” Jon Tester, a Democrat from oil-producing Montana who supports the Manchin-Murkowksi bill, told reporters. “It will send even a bigger message that the United States is in this with Ukrainians for the long haul.” It was unclear if the bill will win the 60 votes in the Senate that are likely necessary for it to pass, but the fact that several Democrats are co-sponsoring it increases its chances.

Oil headed for the biggest weekly surge in almost two years after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch, driving prices to their highest since 2008.

Sen. Lindsey Graham, R-S.C., told "The Story" that it''s time for America to stop purchasing oil and gas from Russia and start putting Putin''s military commanders in jail for war crimes.

ClearView Energy Partners'' Kevin Book reveals how the U.S. could use non-Russian oil on ''Special Report.''

Russia''s invasion of Ukraine has triggered severe economic sanctions, particularly on its financial sector. Last week, Western leaders slapped a raft of fresh sanctions on Russia, including the exclusion of Russia''s largest financial institutions from global financial systems; imposing an asset freeze against all major Russian banks, canceling all export permits with Russia, and prohibiting all major Russian companies from raising financing within their territories, among other measures. The leaders have, however, refrained from sanctioning Russia''s…

Executives at the Federation of Thai Industries (FTI) want the government to freeze the fuel tariff (Ft) on power bills and maintain retail gas prices to ease the impact of soaring global oil prices on economic activities and the cost of living.

The American Fuel & Petrochemical Fuel Manufacturers reiterated its position supporting the Ukraine against Russian military action, calling for the suspension of US imports of Russian crude oil and refined products. "AFPM fully supports the suspension of all future purchases of crude oil and petroleum products from Russia," wrote AFPM CEO Chet Thompson in a March 2 letter to Democrats…

Fox News White House correspondent Jacqui Heinrich details the push from lawmakers to prohibit Russian oil imports.

Welcome to Thursday’s Overnight Energy & Environment, your source for the latest news focused on energy, the environment and beyond. Subscribe here: thehill.com/newsletter-signup. Today we’re looking at the White House’s…

Stock indexes rose and oil prices jumped, as Russia pounded Ukrainian cities and investors evaluated testimony from Federal Reserve Chairman Jerome Powell.