THE INTERPRETER: Sanctions against Russia could spur $150/barrel oil – Instability in oil producing countries in the Middle East, such as Libya and Iraq, in theory would have driven up oil prices to $150 per barrel, had it not been for the new supply from North America,Former BP chief — RT Business

Monday 15 September 2014

Sanctions against Russia could spur $150/barrel oil – Instability in oil producing countries in the Middle East, such as Libya and Iraq, in theory would have driven up oil prices to $150 per barrel, had it not been for the new supply from North America,Former BP chief — RT Business

Russian sanctions to hit oil industry

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