Russian oil cap

Oil traders were puzzled on Thursday, Jan. 31, after a shipment of 10,000 barrels of Russian oil entered the U.S., considering it’s banned. According to data from the Energy Information Administration (EIA), posted on X by Bloomberg’s commodities editor Javier Blas, the Russian shipment...

On Sunday, the OPEC and the non-OPEC producers, a group of 23 oil-producing nations known as OPEC+, decided to maintain oil production targets at current levels, including an existing policy of reducing oil production by 2 million barrels per day. OPEC+ decided to continue its daily...