US EditionThe Oil Price Spike Won't Fix Russia's Strained Finances, an Analyst Says
13 Articles
13 Articles
The oil price spike won't fix Russia's strained finances, an analyst says
Higher oil prices typically boost President Vladimir Putin's budget, which helps finance Russia's war in Ukraine.Sergei Fadeichev/Pool/AFP/Getty ImagesMiddle East conflict sends oil higher amid fears over Strait of Hormuz supply risks.Sanctions, discounts, and a strong ruble blunt the boost to Russia's oil revenue.An analyst warns Moscow's budget strain will persist without sustained higher prices.Oil prices have surged after fresh conflict in t…
The oil price spike won’t fix Russia’s strained finances, an analyst says
Higher oil prices typically boost President Vladimir Putin’s budget, which helps finance Russia’s war in Ukraine. Sergei Fadeichev/Pool/AFP/Getty Images Middle East conflict sends oil higher amid fears over Strait of Hormuz supply risks. Sanctions, discounts, and a strong ruble blunt the boost to Russia’s oil revenue. An analyst warns Moscow’s budget strain will persist without sustained higher prices. Oil prices have surged after fresh conflic…
Since the beginning of the war with Iran, oil tanker traffic through the Strait of Hormuz collapsed by 90%, according to the energy intelligence company Kpler...
Every day the war lasts represents another day when the prices of oil and liquefied natural gas will rise.
Oil tanker traffic in the Strait of Ormuz has fallen by 90% in a week, while Iran continues its retaliation in the Gulf. ...
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