Oil prices gained on Tuesday as fresh U.S. sanctions on Russian oil disrupted exports and prompted Lukoil to declare force ...

Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its ...

Force majeure clauses in contracts help companies avoid liabilities from unforeseen events. COVID-19 led many firms to invoke force majeure due to disrupted operations. Investors must consider force ...

MIECO, LLC v. Pioneer Natural Resources presented a challenge to a force majeure defense in a dispute arising from Winter Storm Uri. The defense carried the day. MIECO agreed to purchase 20,000 ...

The swingeing US sanctions are biting hard and appear to be having a major effect on Russian oil production and sales.

Russian oil giant Lukoil declared force majeure at Iraq's 400,000-bpd West Qurna-2 oilfield following new U.S. sanctions, ...

Russia’s Lukoil PJSC declared force majeure on oil shipments from its giant West Qurna 2 field in Iraq, according to a person ...

Force majeure contract provisions and force majeure notices have been top of mind more times in recent memory than we care to count. The recent short-lived port strike, two devastating hurricanes, and ...

Forbes contributors publish independent expert analyses and insights. I am the President of Diversified, a CFP and author. In legal contracts, there is a clause called force majeure, which removes ...

Lukoil's West Qurna-2 project is in crisis after a force majeure declaration due to sanctions. Iraq freezes payments amid ...

As negotiations for a new Writers Guild contract enter their final phase, the Association of Talent Agents has sent its member-agencies a 22-page summary of the “force majeure” provisions contained in ...