U.S. Oil Firms Urge Biden For Caution Over Possible Sanctions On Russia

Some of the largest U.S. companies, including the biggest oil lobby, called on the Biden Administration and Congress this week to tread carefully with potential new sanctions against Russia that could hit American firms and their competitiveness. On Tuesday, U.S. President Joe Biden said, “I have made it clear to — early on to President Putin that if he were to move into Ukraine, that there’d be severe consequences, including significant economic sanctions, as well as I’d feel obliged to beef up our presence — NATO’s…