US oil companies called for new sanctions against Russia

US, WASHINGTON (ORDO NEWS) — US shale oil producers have launched an aggressive lobbying campaign to impose new sanctions against Russia and Saudi Arabia , writes the Financial Times.

According to newspaper sources, oil industry workers turned to former energy minister Rick Perry for help. They proposed a number of measures that should force producing countries to reduce the production of raw materials.

Among them are new restrictive measures against the fuel and energy complex of Moscow and Riyadh, imposing duties on imported oil and blocking the supply of Saudi oil to the Motiva refinery in Texas, as well as the suspension of the Jones Act, which prohibits ships flying foreign flags between ports in the USA, which leads to a rise in the price of American oil.

US President Donald Trump intends to meet with leaders of oil companies on Friday, April 3.

Last month, the price of Brent oil fell by almost 55% amid the collapse of the deal to reduce OPEC + production and the situation with the coronavirus pandemic.


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