Oil prices jumped 5% after the destruction of the US by Russian oil companies
Sen. Markwayne Mullin, R-Okla., joins.
Oil prices He jumped on Thursday after the US placed sanctions on Russian oil giants over Russia’s war in Ukraine.
Brent Crude futures rose 5%, while West Texas Intermediate Crude Futures rose more than 5.2% as of Thursday morning.
The Trump administration on Wednesday moved to Consider Russia’s largest oil producersRosneft and Lakoil, in addition to their role in financing the Russian war in Ukraine, which has become the largest war in Europe since World War II.
“Commissioned by President Putin to reject this senseless war, the Treasury is deeply grateful to the two largest Russian oil companies that fund the Kremlin’s war machine,” Secretary Scott said in a statement. “We encourage our witches to join us and stick to these organizations.”
The Trump Administration is slamming top Russian oil firms for military funding channels, calling for an end to the fire
Major US companies are targeting Russian oil companies that have helped finance Russian President Vladimir Putin in Ukraine. (Mikhail Metzel/Pool/AfP/Getty Images)
Russia’s oil and gas revenues, down 21% year-on-year, account for nearly a quarter of Russia’s budget and are the most important source of capital. The war in Ukraine.
However, Russia’s income mainly comes from tax revenues, rather than exports, which would reduce the immediate impact of the position.
The President of Ukraine VolOdymyr Zeleneskyy He thanked the US for the new jersey and said they were “very important” – although he noted that additional pressure would be needed to convince Russia to agree to the elimination of Russia.
Bessint warns ‘all options are on the table’ to accommodate the Russians
Indian and Chinese oil firms and analysis can be forced to find other sources of oil due to Russian services. (Hussein Faleh/AFP via Getty Images/Getty Images)
A Russian foreign ministry spokesman dismissed the impact of the book fever, saying Russia had developed “strong inefficiencies”.
Lakoil canceled a planned board meeting related to the allegations and canceled it in response to “new circumstances.”
Gasoline prices near the $3 mark for the first time in years
China and India are Russia’s biggest customers. (Maxim Shipkwening/Pool/AFP via Getty Images/Getty Images)
US fires say that Cleaning in China and Indiacountries that are major buyers of Russian oil, will have to find other supplies to avoid being excluded from the Western banking system, according to Staxo Bank Analyst Ole Hansen.
This page The Trump Administration’s The restrictions give companies until November 21 to cut their transactions with Russian oil producers.
Indian oil industry Sources told Reuters that Indian inspectors were ready for Russian oil cuts to comply with the sanctions.
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A great war chief Chinese oil companiesincluding petrochina, sinopec, cnooc and zhenhua oil, will refuse to buy short-term oil from the Russian sea at least for a short time because of the times, Reuters reported including several industry sources.
Reuters contributed to this report.
