Oil Market Turmoil: Sanctions, Supply Shocks, and Shifting Sands

Oil prices dip amid US demand worries and rising global tensions! Europe eyes new sanctions on Russian oil buyers, potentially impacting India and China. OPEC Plus considers production cuts as Saudi Arabia lowers Asian prices. Ukrainian drone strike disrupts Russian oil exports, while China-Russia gas pipeline expansion stalls. Refinery shutdowns hit California and Mexico, adding to market volatility. Plus, steel production cuts in China, lithium price drops, and new energy deals brewing in Bangladesh and Brazil. Hosted on Acast. See acast.com/privacy for more information.