Camber Energy Inc (CEIN)

[maxmax47]

Agree. But Up trend may turn into rocket launch..."21 Mar, 2022 12:55
HomeBusiness News
Moscow warns of $500-a-barrel oil
Warning comes as EU prepares to consider placing embargo on Russian crude"
"Oil prices will jump to $300 a barrel if the West abandons Russian oil, the country’s Deputy Prime Minister and former energy minister Alexander Novak said on Monday, adding that “some see it possibly reaching $500 a barrel.”

The warning comes as the EU plans to discuss placing an embargo on Russian crude as part of its fifth set of sanctions aimed at putting more pressure on Moscow to stop its military operation in Ukraine.

Novak added that if Western consumers stop buying Russian crude, the country will diversify its supplies and will find buyers elsewhere."

If the EU actually does this Thursday then one hopes they have a plan B in place or this is going to get crazy.