bullish

Crude Oil

Global Commodities: Oil Glut Paves Way for Stronger Sanctions

378 Views27 Oct 2025 12:35
Podcast
SUMMARY
  • US imposes sanctions on all four of Russia's largest oil companies, affecting 70% of Russia's oil production and exports
  • EU also unveils sanctions targeting Russia's energy revenues
  • Russia shifts oil trade to alternative currencies to bypass US dollar clearing restrictions, faces higher transactional costs and reputational risks

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

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