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Joined: Nov 2005
Posts: 8,293 Likes: 116
14 point
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14 point
Joined: Nov 2005
Posts: 8,293 Likes: 116 |
Most of the discussions on oil have been about the Middle East of late, wonder how much of an impact Ukraine targeting Russian oil logistics/infrastructure is having globally.
Seems like every day a tanker, refinery or oil terminal is being hit Yup Ukraine blew up a big Russian refinery with drones yesterday as well. Thats going to affect the entire global market, but folks will deflect and just say it only weakens Russia. Fact is, it does weaken Russia, but at the same time its just driving global fuel prices up and the US is getting blamed for it because we are proxy supporting Ukraine. The coordinated global release from the SPR’s is ending. That had propped up the price. It will be interesting to see what happens now
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