US Sanctions Target Rosneft and Lukoil Over Moscow's Peace Process Allegations
US Treasury sanctions Rosneft and Lukoil for alleged lack of peace process commitment.
OPEC+ raised output targets by 2.7 million bpd, or 2.5% of global demand.
Kuwait's Oil Minister notes sanctions may shift demand toward Gulf and Middle East.
Chinese state-owned oil companies suspended seaborne Russian crude purchases.
2 weeks ago