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Western powers and Iran said March 5 they have clinched a new nuclear deal, bringing significant supplies into an oil market increasingly pinched by the Ukraine crisis and rising global demand. The agreement, which came after almost a year of stop-start negotiations, will revive the 2015 Joint Comprehensive Plan of Action, waiving sanctions restricting sales of Iranian oil, in exchange…

Ukrainian President Volodymyr Zelensky asked for the United States to stop buying Russian oil during a Zoom meeting with members of the U.S. Congress on Saturday morning.

Ukrainian President Volodymyr Zelensky asked for the United States to stop buying Russian oil during a Zoom meeting with members of the U.S. Congress on Saturday morning.

Gas prices are rising at a record pace as sanctions placed on Russia have threatened global oil markets and refineries are struggling to keep up with demand.

Canada has the largest population of Ukrainian ancestry outside of Ukraine and Russia. Following Russia’s invasion of Ukraine, the Canadian government has been quick to impose sanctions against Russia. The Canadian government of Prime Minister Justin Trudeau wasted no time in imposing sharp economic sanctions soon after Russian forces crossed into Ukraine. Giving much of the lead to Deputy Prime Minister and Finance Minister Chrystia Freeland, who is of Ukrainian descent and a former journalist, Canada was among the first to close its airspace to Russian civilian aircraft. More recently, Canada removed Russia and Belarus from “most-favored nation status,” which automatically places a mandatory 35% tariff on all imports from the two countries. Ottawa also placed sanctions on Russian banks and more than 1,000 businesses and individuals, and advocated for booting Russia from the SWIFT international banking system. Additionally, Ottawa is sending military supplies to Ukraine. Perrin Beatty, CEO of the Canadian Chamber of Commerce, says the business community across Canada strongly favors the sanctions. “And they want to make sure that, that they work closely with government to contribute to that process, and to ensure that that as we design sanctions against Vladimir Putin and against his cronies, that they are inflicting the pain where it needs to be as opposed to creating problems for innocent people,” he said.

A German tanker full of Russian oil is sitting in Birkenhead Docks after dockers refused to unload it A German-flagged tanker is currently sitting in the docks at Birkenhead full of Russian oil, because dock workers have refused to unload it. The vessel is moored near the Stanlow Oil Refinery, but as a result of […] The post British dockers refuse to unload tanker full of Russian oil appeared first on Euro Weekly News .

With the Russian Invasion of Ukraine sending oil prices soaring, residents of some states are likely to see much bigger increases in their overall gasoline spending.

The Biden administration is reportedly considering a ban on U.S. imports of Russian crude oil as Congress works towards passing such restrictions to punish Russia for its invasion of Ukraine. “Conversations are taking place within the administration and with the U.S. oil and gas industry on the impact such a move would have on American […]

A surge in energy and commodity prices, with a barrel of oil now close to $120, have piled on the inflationary hike that the world was already experiencing as economies recover from the Covid-19 pandemic.

Ukrainian President Volodymyr Zelensky pleaded with U.S. senators on a Zoom call Saturday to introduce an oil embargo on Russia and push Eastern European countries to provide Russian-made planes to his country, according to multiple sources on the call.Why it matters: Zelensky claimed that an oil embargo would be the most significant sanction the U.S. could impose — more significant than disconnecting Russian banks from the SWIFT financial messaging system, which Western countries agreed to do l

Phoenix Mercury center Brittney Griner (42) looks to pass as Chicago Sky center Candace Parker defends during the first half of game 1 of the WNBA basketball finals, Sunday, Oct. 10, 2021, in Phoenix. Ralph Freso/AP WNBA All-Star Brittney Griner was arrested last month at a Moscow airport after Russian authorities said a search of her luggage revealed vape cartridges. The Russian Customs Service said Saturday that the cartridges were identified as containing oil derived from cannabis, which could carry a maximum penalty of 10 years in prison. The customs service identified the person arrested as a player for the U.S. women’s team and did not specify the date of her arrest. Russian media reported the player was Griner, and her agent, Lindsay Kagawa Colas, did not dispute those reports. “We are aware of the situation with Brittney Griner in Russia and are in close contact with her, her legal representation in Russia, her family, her teams, and the WNBA and NBA,” Kagawa Colas said Saturday. “As this is an ongoing legal matter, we are not able to comment further on the specifics of her case but can confirm that as we work to get her home, her mental and physical health remain our primary concern.” On Saturday, the State Department issued a “do not travel” advisory for Russia because of its invasion of Ukraine and urged all U.S. citizens to depart immediately, citing factors including “the potential for harassment against U.S. citizens by Russian government security officials” and “the Embassy’s limited ability to assist” Americans in Russia.

The price of gasoline has topped $2 a litre at some stations in British Columbia as Canadians continue to see eye-popping numbers at the pump this week. Gas prices across the country averaged out at $1.69 per litre as of late Friday morning, up from $1.65 the day before, according to gas price information website […] The post Gas prices top $2 per litre in B.C. as Russian invasion sends crude oil surging appeared first on CHEK .

All-Star center was arrested last month at a Moscow airport after a search of her luggage reportedly revealed vape cartridges containing oil derived from cannabis

WNBA All-Star Brittney Griner was arrested in Russia last month at a Moscow airport after a search of her luggage revealed vape cartridges. The Russian Customs Service said Saturday that the cartridges were identified as containing oil derived from cannabis, which could carry a maximum penalty of 10 years in prison. The customs service identified the person arrested as a player for the U.S. women''s team and did not specify the date of her arrest. Russian media reported the player was Griner, and her agent did not dispute those reports. “We are aware of the situation with Brittney Griner in Russia and are in close contact with her, her legal representation in Russia, her family, her teams, and the WNBA and NBA,” Griner''s agent Lindsay Kagawa Colas said Saturday. “As this is an ongoing legal matter, we are not able to comment further on the specifics of her case but can confirm that as we work to get her home, her mental and physical health remain our primary concern.” On Saturday, the State Department issued a “do not travel” advisory for Russia because of its invasion of Ukraine and urged all U.S. citizens to depart immediately, citing factors including “the potential for harassment against U.S. citizens by Russian government security officials” and “the Embassy’s limited ability to assist” Americans in Russia.

WASHINGTON—Federal Reserve Chair Jerome Powell warned Thursday that Russia’s invasion of Ukraine, which has already driven up oil…