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Russia’s crude oil revenues declined substantially in 2022 and 2023 as voluntary and formal sanctions were imposed in response to the invasion of Ukraine. The formal sanctions imposed at the end of 2022 comprised an embargo on Russian crude oil imports and a price cap that allowed countries not participating in the sanctions the use of Western maritime ...
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A barge hit a bridge in Galveston, Texas, on Wednesday, spilling oil into surrounding waters and closing the only road to a small island, officials said. The bridge that leads to Pelican Island, located just north of Galveston, was hit by a barge around 9:30 a.m., said Ronnie Varela, with the Galveston’s Office of Emergency Management. Varela did not have ...