US allows temporary purchase of Russian oil stranded at sea to stabilize energy markets Related news
Lucian Nemoiu
HOUSTON, United States The US on Thursday announced it has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets, according to media reports. There are nearly 124 million barrels of Russia-origin oil at sea across 30 locations globally as of March 12, CNBC reported, enough crude oil to cover about five to six days of supply. "The temporary increase in oil prices is a short-term and temporary disruption that will result in a massive benefit to our nation
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