Russia warns West of $300 per barrel oil, cuts to EU gas supply

in news •  3 years ago 

"Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia, a senior minister said on Monday.
Oil prices spiked to their highest levels since 2008 on Monday after US Secretary of State Antony Blinken said Washington and European allies were considering banning Russian oil imports."
https://www.cnn.com/2022/03/08/business/oil-price-russia-warning/index.html

"The Kremlin warned Tuesday that oil prices will surge to unprecedented levels if US and European lawmakers proceed with a ban on Russian oil and gas imports in response to the invasion of Ukraine.

Russian Deputy Prime Minister Alexander Novak warned that global oil prices could hit $300 per barrel in the event of an import ban. The top Kremlin official also suggested Russia could shut down the Nord Stream 1 pipeline — a key supplier for Germany — in retaliation."
https://nypost.com/2022/03/08/russia-warns-of-300-oil-if-us-europe-proceed-with-import-ban/

"Russia’s deputy prime minister has warned that a ban on his country’s oil could send the price of a barrel beyond $300, as he also threatened to cut a vital gas pipeline to Europe."
https://www.msn.com/en-us/money/markets/russian-minister-warns-of-24300-oil-if-energy-sanctions-are-imposed/ar-AAULDs3

"As the United States bans the import of Russian energy, the Kremlin has threatened if enough Western countries cut Russian oil, there would be “catastrophic consequences for the global market” - possibly doubling the price of oil to a staggering $300 a barrel.

The Trouble Shooters spoke with a Texas energy expert who says the Kremlin used his team’s math to make that threat"
https://www.msn.com/en-us/money/markets/texas-energy-expert-says-kremlin-using-his-team-s-math-to-threaten-300-barrel-oil/ar-AAUOiMb

Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports
https://www.cnbc.com/2022/03/08/russia-warns-of-300-oil-if-ban-goes-ahead-threatens-to-cut-off-european-gas.html

Russia warns West of $300 per barrel oil, cuts to EU gas supply
https://news.yahoo.com/russia-warns-west-300-per-222116718.html

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