“Earlier on January 23, in a speech at the annual meeting of the World Economic Forum, US President Donald Trump said that he was going to ask Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) to lower the price of oil.”, — write: www.radiosvoboda.org
“Energy resources, and oil in particular, is one of the most important keys to peace, to real security. And Europe needs to work more precisely with America and other partners in the world, and not with Russia regarding energy resources. We are preparing our diplomacy, our international communication, in order to guarantee a strong position not only for Ukraine, but also for all of our Europe,” Zelenskyy said.
Earlier on January 23, in a speech at the annual meeting of the World Economic Forum, US President Donald Trump said that he is going to ask Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) to lower the price of oil. In his opinion, a price reduction could stop Russia’s war against Ukraine.
This statement instantly had an impact on oil prices on world markets.
Oil is critically important for replenishing the Russian budget with goods. Oil (unlike gas) has not yet been sanctioned (with the exception of price restrictions at the level of $60 per barrel) by the European Union, and EU countries continue to receive this raw material through pipelines.