** The U.S. Treasury Department has sent notices to ship management companies requesting information about 100 vessels it suspects of violating Western sanctions on Russian oil, according to a source who has seen the documents. The notices represent the biggest step of its kind by the United States since Washington and its allies imposed a price cap …
November 14, 2023 archive
Biden administration moves to refill Strategic Petroleum Reserve
Just last week Oklahoma Congressman Tom Cole was critical of the Biden administration for depleting the nation’s Strategic Petroleum Reserve to a dangerous low level that it put the nation’s security at risk. This week, the administration announced it intends to buy 1.2 million barrels of oil to replenish the very reserve it used …
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