SG Talk

The global market for crude oil is divided due to sanctions imposed by Western countries. G7, the EU and Australia have banned shipping and insurance services for Russian crude oil with a price exceeding 60 US dollars per barrel (refined petroleum products have similar price limits). In any case, Russian oil has found its markets in third countries, such as India and Turkey. The price of the free market is higher, over 80 US dollars per barrel, but still far from the highest prices in history. Saudi Arabia continues to play a key role in determining the OPEC supply and thus the global price level.

https://www.dailyfinland.fi/column/33538...ew-reality