IEA Sees U.S. Sanctions on Russia Disrupting Oil Flows ...Middle East

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IEA Sees U.S. Sanctions on Russia Disrupting Oil Flows
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The new expansive U.S. sanctions on the Russian oil industry and exports could affect global oil flows, complicating trade logistics for producers using shadow fleets such as Russia, Iran, and Venezuela, the International Energy Agency (IEA) said on Wednesday. Despite the prospect of declining supply from Russia and Iran, with the latest sanctions against Moscow from the outgoing U.S. Administration and expected stricter sanctions and sanction enforcement from the incoming Trump Administration, the global oil market is likely to remain in a surplus…

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