Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » U.S. Claps » Energy 🔋 » Moscow responds after oil import bans imposed🪔

Moscow responds after oil import bans imposed🪔

by Shams Abbas
March 9, 2022

The Clap
U.S. President Joe Biden declared the U.S. will ban “all imports of Russian oil & gas energy, while the UK will gradually decrease imports until they are no more by the end of 2022.

Moscow then responded by imposing bans on exports of raw materials, although it’s not yet clear which ones.

Markets’ response
The ban on oil imports sent U.S. gas prices to an all-time high, & WTI crude, the benchmark crude for North America, immediately spiked to more than $128/barrel to then close at $123.7/barrel.

The U.S. government knows the toll this energy crisis is taking on its economy, & is releasing millions of barrels of oil from its strategic response in an attempt to limit the downturn.

For Russia, the effects of the ban on oil imports by the U.S. & UK are minimal compared to what a ban by European countries would be like. The European Union already pledged to reduce its dependence on Russian gas imports by two-thirds by the end of 2022.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Tadawul launches Albilad MSCI US ETF 💵
Economy 🏢

US GDP grows despite recession fears

by Omar El Shorafa
January 27, 2023
Claps, Economy, Investments
Economy 🏢

Investors in a tricky situation 🤷‍♂️

by Omar El Shorafa
January 23, 2023
Claps, Economy
Economy 🏢

PPI down much more than expected 📉

by Omar El Shorafa
January 19, 2023
US Economy, Claps
Economy 🏢

CPI down again in December 🎈

by Omar El Shorafa
January 13, 2023
Claps, Tech, Energy
Energy 🔋

GM, Ford, & Google set eyes on virtual power plants project 🤝

by Omar El Shorafa
January 11, 2023
Nasdaq, Claps, Stock Market
Nasdaq 🔔

First four-quarter slump for Nasdaq 📉

by Omar El Shorafa
January 3, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)