Russian Oil Losses Could Double As Sanctions Come Into Effect ...Middle East

OILPRICE - Economy
Russian Oil Losses Could Double As Sanctions Come Into Effect
source : OILPRICE ( Middle East ) () 26
Oil prices will remain elevated in the coming months as current supply losses from Russia at around 1 million barrels per day (bpd) could double this month, BP’s chief executive Bernard Looney told CNBC on Tuesday.  “We’ve got probably about 1 million barrels per day of Russian oil off the market at the moment,” Looney said.  “That may double this month when sanctions come truly into effect, or maybe even more,” BP’s top executive noted, commenting on where he sees oil prices going for the rest…

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