"I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The great point is to bring them the real facts." -- Abraham Lincoln, American president, 1861-1865

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By Tsvetana Paraskova of OilPrice.com

The next round of EU sanctions against Russia over the invasion of Ukraine should include measures to address the shadow fleet of tankers helping Russia move its oil and a ban on EU imports of Russian LNG, Sweden’s foreign minister said on Monday.  


This unique photo collection includes a stunning array of vintage cameras, some of which were ingeniously hidden in everyday objects.
 

From a camera hidden in a matchbox to a camera disguised as a pocket watch for covert operations, these devices showcase simple old-fashioned designs, some dating back to the 1880s.
 

Some of these special cameras were made to look like books, cigarette packets, binoculars, radio players, and even a handgun.
 

By John Kemp, senior energy analyst at Reuters

Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over the next few months.

U.S. gasoline has emerged as the most attractive part of the petroleum complex for investors betting prices will rise further this year in the run up to presidential and congressional elections in November.

By Irina Slav of OilPrice.com

The latest crude oil purchase that the Department of Energy made as part of refill plans for the strategic petroleum reserve cost an average of over $81 per barrel, exceeding the $79 ceiling set by the federal government.

A twin crisis is unfolding for the Biden administration as the US tax-payer-funded Ukrainian military bombs key crude refineries deep within Russian territory with suicide drones. The administration has pleaded with the Ukranians to halt strikes on Russian energy infrastructure as this will only contribute to tightening global supplies and push energy prices higher, as well as inflation in the US, hurting Biden's re-election odds. 

British military officials advised that Ukraine should focus on defense in its ground fight against Russia in the east while focusing on targeted strikes against Crimea and Russia’s Black Sea Fleet, The Sunday Times reported.

The advice was given when British Defense Secretary Grant Shapps and UK Army Chief Antony Radakin visited Ukraine last week. The British officials said rather than attacking, Ukrainian forces should hold the line and pull back to more favorable ground if necessary.