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Key Russian Baltic Oil Port Of Primorsk Resumes Loading After Ukraine Attack
Key Russian Baltic Oil Port Of Primorsk Resumes Loading After Ukraine Attack
Russia’s top oil port in the Baltic Sea, Primorsk, resumed loading days after it came under attack from Ukrainian drones, although Bloomberg notes that the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents.
Ukraine attacked Russia’s largest oil port in the Baltic Sea to prevent it from benefiting from rising oil prices: about 60% of Russia’s maritime oil exports pass through the port of Primorsk. pic.twitter.com/M2ghU0o6i1
— Open Source Intel (@Osint613)...
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Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress
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Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession.
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