Moscow has pledged to reduce output by 500,000 barrels per day in response to Western sanctions The average four-week seaborne shipments of Russian crude in the period to May 5 jumped by 180,000 barrels per day (bpd) to 3.63 million bpd, the highest leap since the start of 2022, when Bloomberg began tracking the flows…

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The US president has targeted 319 companies and citizens from the Asian nation, more than any other administration The White House has blacklisted more Chinese entities and individuals under Joe Biden’s administration than it did during Donald Trump’s presidency, as the long-running trade spat between the two nations continues to escalate, Bloomberg reported on Friday.