Kremlin warns of oil price increase if Ukrainian strikes on its facilities continue
MOSCOW, May 3 (Reuters) - Kremlin spokesman Dmitry Peskov said on Sunday that global oil prices may rise further if Ukraine continues to hit Russia's oil infrastructure, Russian TV reported.
“If additional volumes of our oil are dropped from the market, prices will rise further from current levels, which are already above $120 a barrel. That would mean that even with lower export volumes, our companies would earn more money and the state would receive more revenue,” Peskov said.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Recommended Articles
Featured Tools
Top News
Precious Metals May Outlook: After U.S.-Iran Conflict Concerns Eased, Will Funds Flow Back to Gold and Silver?

Intel vs. TSM: Which Semiconductor Stock Looks Like the Better Investment?

Is SanDisk the Hidden Gem of the AI Boom in 2026? Discover the Potential Risks and Rewards.

What Is Intel, and Is Its Stock Still a Worthwhile Investment?

Amazon vs. Microsoft: Which Stock Is a Better Buy for 2026 and Beyond?

Tradingkey








