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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (122243)	3/22/2022 1:15:19 PM
From: Goose94	Read Replies (1) of 203329

Crude Oil: The int'l community was swift to react to Russia’s invasion of Ukraine nearly a month ago, but Western economies are now running out of options as they look to increase the Kremlin's pain. Europe’s next round of sanctions should hit Russian oil and coal exports (gas has been conveniently left out), provided the member states can agree on a joint policy, which they currently cannot. Meanwhile, the Iranian nuclear deal appears to be stuck in limbo, hurting hopes that a new source of oil supply would soon be online. At the same time, Saudi Arabia has reemphasized the importance of the OPEC+ agreement in stabilizing the oil market, although there seems to be little appetite within the cartel to boost production beyond the current plan. EU Members Torn Over Further Russia Sanctions. Internal pressure has been increasing on members of the European Union as several members called for the imposition of an oil imports embargo on Russia. This initiative was quickly played down by Germany, with the country claiming that any dependence reduction should be gradual.

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