Russia is the world's top exporter of crude and oil products combined, at about 7 million barrels per day (bpd ) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock.
Russia is the world's top exporter of crude and oil products combined, at about 7 million barrels per day (bpd ) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock.
ONDON, March 8 The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost US$140 (RM585) a barrel, its highest level since 2008. Russia is the world’s top exporter of crude and oil products combined, at around 7 million barrels per day.
Russia is the world's top exporter of crude and oil products combined, at about 7 million barrels per day (bpd ) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock.