Skip to main content

US may impose sanctions against Russia due to destabilization of oil market situation

US authorities are considering introducing new sanctions against Russia in order to stabilize the situation in the oil market.  

The US Presidential Administration, Donald Trump, intends to intervene in the oil dispute in Russia and Saudi Arabia and wants to urge the authorities to reduce the production of raw materials to the previous volumes.  The United States plans to use diplomatic measures in relation to Riyadh through the Department of State or the National Security Council.

The publication notes that it is still unclear what kind of restrictions are being discussed against Russia and what actions of Moscow could provoke their introduction.  Sources say the U.S. oil companies asked for White House intervention. Trump administration is also considering strengthening cooperation with Saudi Arabia to prevent it from returning to the alliance with Russia.

Recall that on March 6, OPEC + countries were unable to agree on an additional reduction in oil production due to a drop in demand due to the coronavirus pandemic, which led to lower energy prices.  Saudi Arabia has announced that it intends to maintain oil supplies at the highest level.

Comments

Post a Comment

Popular posts from this blog

“Stepping Forward for the Betterment of the Country”

  Here’s something I want to share today. It’s about how there are chances of it turning into another sort of geo-monetary worry for states who dread that their vital financial influence will be subverted. Additionally, Suez Canal can be utilized by non-state entertainers as a monetary instrument to accomplish vital destinations. Notwithstanding their expressed places of keeping the channel open to worldwide exchange, significant forces have regularly played with making elective courses, though with restricted achievement. Notwithstanding, seen from the carefully adjusted international and geo-monetary stances in the Middle East, the Suez Canal could be an indicator for the district's financial fortunes.   Moreverc to guarantee they procure profits, all partners should keep on putting resources into the Suez Canal's security and life span to support financial advancement. In the most dire outcome imaginable, however, the waterway could in a real sense cripple worldwide excha...
Post a Comment
Read more

Jenna Ortega talks about Wednesday Season 2

  Jenna Ortega, a successful American actress who rose to fame with the Wednesday series, has opened up about season 2 of Wednesday. Jenna Ortega, the show's leading lady, extensively spoke about Wednesday season 2. She talked about major updates on the genre of Season 2. She confirmed that season 2 contains horror elements. In an interview with Variety, the Wednesday actress stated, “We have decided that we want to lean into the horror aspect of the show a little bit more. Because it is so light-hearted, and a show like this with vampires and werewolves and superpowers, you don’t want to take yourself too seriously.” She said that season 2 ditched the idea of a love interest. In March this year, she confirmed the second season of Wednesday. She said that the series would focus more on horror and less on romance. In a Saturday Night Live episode, she said that the character of Wednesday Addams would be an individual going forward in the second season of the series. The ac...
Post a Comment
Read more

“Iraq is Utilizing What They Have Right Now”

Here’s something good that I want to share with what I read today. It’s about  how Iraq utilizes a decentralized arrangement of administration, the Gulf countries and their organizations can investigate such financial possibilities with different individual Iraqi governorates, directed by the national government. This can likewise make a sound rivalry among Iraqi governorates to offer better costs and more good arrangements with Gulf organizations, as the two sides advantage. For me, Iraq needs huge monetary and monetary support. Monetary guide bundles can just reduce some tension on the present moment. Aside from Iran, there is insignificant territorial interest in Iraq's private area. Tehran's interest in Iraq has not given remarkable monetary advantages, for the most part because of authorizations. Inlet countries ought to investigate Iraq as a feasible competitor for their business ventures, and they can even use Jordan as a middle person to shape a solid financial ternio...
Post a Comment
Read more