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oil crisis
03/17/2022
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By Arsenio Toledo
Russian sanctions and oil embargoes to cause world’s biggest oil supply crisis by next month
The International Energy Agency (IEA) warned that the massive drop in oil exports from Russia will lead to a catastrophic reduction in the global oil supply, which consumers are already feeling and will be reeling from by next month. The Russian invasion of Ukraine led to economic sanctions and embargoes from many nations all over […]
03/11/2022
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By Ramon Tomey
Biden mulls deals with Iran, Venezuela after announcing ban on Russian oil imports
President Joe Biden announced a ban on Russian oil imports amid the ongoing Ukraine invasion. To offset the ban’s effect on energy prices, Biden is now considering a deal with Iran and Venezuela – two countries earlier sanctioned by the United States. Biden announced the Russian oil embargo on March 8. He claimed that the […]
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