Last week, the European Union announced its 18th sanctions package against Russia, something that could have an impact on the oil industry both abroad and in the Lone Star State.

Britain on Monday slapped sanctions on 135 oil tankers in Russia's shadow fleet in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion worth of cargo since the start of