Economics

Opinion: Trump’s Russian oil sanctions gambit will test his tolerance for pain

The U.S. designation of the two Russian companies, which follows Britain's decision last week to hit Rosneft and Lukoil with sanctions, cuts them off from the dollar-based financial system.

Fight over port charges in Trinidad jeopardizes ammonia, methanol exports

A standoff involving port charges paid by producers of methanol and ammonia to Trinidad and Tobago's National Gas Company is threatening sales of the products from one of the world's biggest producers.

EU to list two Chinese oil refineries, one trader in new Russia sanctions

The EU has toughened its stance on Beijing as diplomatic efforts have stalled. The EU, Ukraine and its allies view China as a central node in Moscow's sanctions circumvention network.

Trump’s India squeeze to push Russian oil further into the shadows

India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 MMbpd of Russia’s crude in the first nine months of 2025, 40% of its total exports.

UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet

Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.

U.S. ethane exports are expected to grow through 2026

Airlines face price-gouging by green jet fuel sellers, IATA says

The EU began requiring airlines to use more sustainable aviation fuel (SAF) this year, with a 2% minimum blending mandate set to rise to 6% by 2030.

Strathcona Resources terminates takeover bid over for MEG Energy Corp.

Sinopec diverts supertanker from U.S.-sanctioned port

A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday.

BASF, Carlyle reach agreement on €7.7-B coatings business transaction to create a leading standalone company