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White House Concerned About Russian Flows: RBC

OIL

The White House reached out to domestic and overseas oil producers at the weekend to make contingency plans in case the upheaval in Russia impacted the nation’s crude supplies according to Bloomberg reports of a RBC Capital note.

  • “A significant concern was that President Putin would declare martial law, preventing workers from showing up to major loading ports and energy facilities, potentially halting millions of barrels of exports,” RBC said.
  • “risk of further civil unrest in Russia now must be factored into our oil analysis for the back half of the year” it added.
Energy BulletsCommodities
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