Coverage of oil, gas and fuel supply as instruments of pressure, with EIA benchmark price history.
Featured investigations
SanctionsRussian Oil Price Cap at $44.10: Does It Still Bite?The Russian oil price cap now sits at $44.10 a barrel, its lowest level since the G7 and European Union introduced it in December 2022, and the EU has frozen it there until July…
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Energy & commoditiesRussia Diesel Deal Equals About 10 Days of U.S. Demand, Analysts SayThe Russia diesel deal adds 4.8M tons, about 10 days of U.S. demand. Goldman sees $1-$2/bbl relief; New England diesel sits at…
SanctionsUS-Russia Diesel Deal: 4.8M Tons, 180-Day License and ReactionsUS-Russia diesel deal: up to 4.8M tons under a 180-day Treasury license to April 7, 2027. Size, dates, price impact and reactions.
Energy & commoditiesEU Russian Gas Phase-Out: What Is Banned and What Still ArrivesEU Russian gas phase-out explained: ban dates, how much Russian LNG still reached Europe in 2026, winter storage and the 22nd sanctions…
Energy & commoditiesCrude Oil Types Explained: API Gravity, Sulfur and What Refineries MakeHow API gravity and sulfur content separate light, heavy, sweet and sour crude oils, why light sweet crude usually costs more, and…
Commodity prices: oil and natural gas
Monthly average spot prices from the EIA: Brent and WTI crude in dollars per barrel, Henry Hub natural gas in dollars per million Btu. Use the buttons to change the range. Verified fact
Brent averaged $114.16 in September 2026, compared with $67.99 in September 2025.
Source: U.S. Energy Information Administration; U.S. Energy Information Administration. Data as of: September 2026 monthly average.
Timeline
- Scheduled
EU ban on Russian LNG under long-term contracts scheduled to start. Sanctions · Energy (European Commission)
U.S. waives tariffs and most sanctions in the Graham Act on buyers of Russian oil. Sanctions · Energy (The Boston Report)
OFAC General License 135 authorizes imports of Russian-origin diesel for 180 days. Sanctions · Energy (The Boston Report)
EU 21st package freezes the Russian crude price cap at $44.10 until July 2027. Sanctions · Energy (European Commission)
EU ban on Russian LNG under short-term contracts takes effect. Sanctions · Energy (CREA)
EU price cap on Russian crude falls to $44.10 a barrel. Sanctions · Energy (European Commission)
EU ban on oil products refined from Russian crude takes effect. Sanctions · Energy (CREA)
U.S. Treasury sanctions Rosneft and Lukoil, following the UK on Oct. 15. Sanctions · Energy (Brookings)
EU price cap on Russian crude drops from $60 to $47.60 under a new dynamic mechanism. Sanctions · Energy (European Commission)
G7 and EU price cap of $60 a barrel on seaborne Russian crude takes effect. Sanctions · Energy (European Commission)
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