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Why New Sanctions Haven’t Spiked Fuel Prices

Por: MarketWatch Business February 11, 2023

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Similar predictions were made in December before Russian crude was sanctioned, and prices didn’t move much then, either. In fact, Russia exported more oil than it did before sanctions were imposed; S&P Global says Russian seaborne crude hit a six-month high in the first half of January. Like crude sanctions, the new rules ban Russia from exporting fuel to Europe and other G-7 nations, and put a price cap on Russian fuel exports elsewhere.... + full article



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