Features / Invasion

Western Oilfield Services Companies Deal Another Blow to Russian Oil Sector

With the escalation of the war in Ukraine, global energy giants announced that they have halted their operations in Russia without any intention to go into new investments in compliance with US and Europeans sanctions against Russia.

Oil Prices Soar to Highest Point Since 2008 Amidst Fierce Russia-Ukraine Conflict

Oil priced has achieved the highest record since 2008 post the announcement of U.S that it discusses with Europe to ban imports of Russian oil and natural gas. At the first minutes of Monday trade Session, brent crude rose to $139.13 per barrel and West Taxes Intermediate (WTI) recorded $130.5 per barrel.

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