OPEC tells Europe there is no replacement for Russia’s oil

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/032422-opec-warns-eu-over-market-consequences-of-banning-russian-oil

“The world can’t replace Russia’s exports,” one source said of the group’s message to the EU, which was delivered in an online meeting March 16 between Energy Commissioner Kadri Simson and OPEC Secretary General Mohammed Barkindo.

The EU vowed to ban all imports from Russia. It’s going to be interesting how they pull that one off. Perhaps there was something they were working on at those bio labs.

The sanctions to destroy Russia economy doesn’t seem to be working, if the confidence in the Ruble is anything to go by.

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