U.S., Venezuela discuss easing of sanctions, make little progress -sources
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Oil Prices Hit Highest Levels Since 2008 on Supply Fears
March 7, 2022 6:44 AM ESTOil prices have surged to a 14-year high overnight as allies continue to ponder energy sanctions against Russia.
The United States and European allies are considering banning imports of Russias oil, the U.S. Secretary of State Antony Blinken said yesterday.
Even though Russia is the biggest crude oil and natural gas exporter in Europe, the allies are closer to deciding to ban Russian products, according to Reuters.
In the meantime, U.S. House of Representatives Speaker Nancy Pelosi wrote in a letter that the chamber is discussing potential legislation that would ban... More
