OPEC tells EU not possible to replace potential Russian oil supply loss
Tweet
Share
E-mail
FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo
LONDON (Reuters) - OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes.
OPEC Secretary General Mohammad Barkindo made the remarks in a meeting on Monday with EU officials, according to a copy of his speech seen by Reuters.
(Reporting by Alex Lawler, Editing by David Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China puts robocops on traffic duty, minus the arrest powers
- China's Shanghai eases housing policies to spur demand
- Vietnam proposes ending death penalty for six offences
Create E-mail Alert Related Categories
Commodities, ReutersRelated Entities
OPECSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
