International Energy Agency: The European embargo on Russian oil will lead to an unprecedented state of uncertainty

International News
The International Energy Agency has announced today that the soon-to-enforce European ban on seaborne exports of crude oil and Russian petroleum products will lead to unprecedented uncertainty.
Reuters quoted the Paris-based energy market watchdog as saying in its monthly oil report: “The European Union’s embargo on imports of crude and Russian oil products, and the ban on marine services, in addition to the Group of Seven imposing a ceiling on the prices of those sales will put more pressures on global oil balances, especially on diesel markets, which are already suffering from severe shortages.”
The Agency considered that setting a proposed ceiling for oil prices could help ease tensions, but there are still countless ambiguities and logistical challenges, stressing that the uncertainty has never been at such a level.
The Kremlin had confirmed earlier that Russia would stop selling oil to any country that implements the price cap proposal, while Russian Deputy Prime Minister Alexander Novak stressed that “imposing restrictions on Russian oil prices will destroy the market,” noting that other oil producers do not respond positively to this absurdity.
NR
You might also like
feature

Pope Leo XIV’s inauguration at the Vatican

International News

Japan considers lifting sanctions on syria

feature

Trump Announces He Will Meet President Al-Sharaa

feature

PKK officially announces its dissolution

.. _copyright: Copyright ========= .. code-block:: none Copyright (C) 1998-2000 Tobias Ratschiller Copyright (C) 2001-2018 Marc Delisle Olivier Müller Robin Johnson Alexander M. Turek Michal Čihař Garvin Hicking Michael Keck Sebastian Mendel [check credits for more details] This program is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License version 2, as published by the Free Software Foundation. This program is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with this program. If not, see . Third party licenses ++++++++++++++++++++ phpMyAdmin includes several third-party libraries which come under their respective licenses. jQuery's license, which is where we got the files under js/vendor/jquery/ is (MIT|GPL), a copy of each license is available in this repository (GPL is available as LICENSE, MIT as js/vendor/jquery/MIT-LICENSE.txt). The download kit additionally includes several composer libraries. See their licensing information in the vendor/ directory.