Trump’s repeated threats against Russia make oil climb

The American president also said he was considering an indirect surcharge of 100 % on the products of countries which buy Russian products, including hydrocarbons, in order to dry Moscow income.

“If Donald Trump is now threatening to sanction a whole country. he could be more inclined to at least reduce his Russian oil purchases”, especially if it is a country that exports many goods to the United States, judges with AFP Andy Lipow, of Lipow Oil Associates.

These words therefore set the market.

The price of the Brent de la Mer du Nord, for delivery in September, gained 3.53 % to $ 72.51.

Its American equivalent, a barrel of West Texas Intermediate, for delivery the same month, took 3.75 % trump’s repeated threats against russia to $ 69.21.

American threats are added “to the sanctions of the European Union against. not only the purchases of Russian crude oil, but also refined products from Russian oil”, underlines Andy Lipow.

According to him, “it has an impact on refineries in China, India and Turkey”.

“China has imported an average of 1.99 million barrels per day of Russian crude oil” and India approximately “1.75 million barrels per day” since the beginning of the year, specify Ing analysts.

Analysts, however, emit a doubt that these sanctions are applied as it is.

They “would lead to a significant increase in the price of crude oil. which has repercussions on the consumer in the form of an increase in the price of gasoline, a political situation that Donald Trump does not want to see,” said Andy Lipow.

Qatar threatens to cut its trump’s repeated threats against russia gas exports to the EU: “I do not bluff. no one will accept to lose as much to trade with Europe”