Mar 13 β€’ 03:39 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Dmitriev: "The global energy market cannot remain stable without Russian oil"

Kiril Dmitriev, the special envoy of the Russian president, asserted that the global energy market cannot operate without the contribution of Russian oil, in light of the U.S. allowing temporary sales of Russian crude already on tankers.

Kiril Dmitriev, a special envoy of Russian President Vladimir Putin, has expressed that the global energy market cannot sustain its stability without the participation of Russian oil. His remarks came as a reaction to the recent decision by the United States to temporarily allow the sale of Russian crude oil that is already loaded on tankers. This decision, which permits a 30-day window for the purchase of Russian oil and petroleum products on the high seas, aims to mitigate disruptions in international energy markets caused by ongoing conflicts in the Middle East.

Dmitriev highlighted the significance of Russian oil in maintaining the equilibrium of the global energy landscape, stating through Telegram that the U.S. has essentially acknowledged this reality. The announcement reflects a strategic maneuver by Washington to stabilize energy prices amidst rising tensions and disruptions in oil shipping within the Persian Gulf, where attacks and operational restrictions have driven prices of crude oil to skyrocket.

This statement comes at a critical time for international energy markets, as many countries grapple with rising costs and shortages. Dmitriev's comments underscore the vital role that Russian oil plays not only in the current economic framework but also in future energy strategies as nations adapt to ongoing geopolitical challenges. If Russian oil were to be sidelined significantly, it could result in further instability and increased volatility in global oil prices.

πŸ“‘ Similar Coverage