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    Home > Chemicals Industry > Petrochemical News > The US Treasury Secretary said that he intends to let Russian oil flow into the international market "at a low price"

    The US Treasury Secretary said that he intends to let Russian oil flow into the international market "at a low price"

    • Last Update: 2023-02-18
    • Source: Internet
    • Author: User
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    On June 7, U.
    S.
    Treasury Secretary Janet Yellen said that the United States intends to allow Russian oil to continue to flow into the international market, but needs to limit Russian oil revenues
    .

    On the same day, Yellen said at a Senate Finance Committee hearing that it is "almost impossible" for the United States not to be affected by oil market prices, and the United States wants to let Russian oil flow into the global market to curb the rise in global oil prices
    .
    But she also stressed that the goal of the United States is to limit Russia's profit
    from selling oil.
    In this regard, the United States is "very actively" discussing relevant options
    with European countries.

    Russia: will not sell anything at a loss

    On the 1st of this month, US President Biden said that the US government has no way to reduce oil prices in the short term, but is considering other options, such as buying Russian crude
    oil "at a price below market price".
    In response to Biden's statement, Russian presidential press secretary Dmitry Peskov 2 said at a press conference that in any case, the price of goods needs to be adjusted through the market, and although Russia is now facing artificial difficulties brought about by sanctions, Russia will not sell anything
    at a loss.

    US agency data: The United States is still buying Russian oil in large quantities

    Details of the latest statistics from the U.
    S.
    Energy Information Administration (EIA).

    The latest statistics from the U.
    S.
    Energy Information Administration (EIA) show that Russia climbed from its position as the ninth-largest U.
    S.
    crude supplier to sixth place at 4.
    218 million barrels
    in March.
    At the same time, from the overall supply of crude oil and refined products to the United States, Russia still ranked third, up 8.
    7% year-on-year to 17.
    825 million barrels
    .
    Some analysts believe that the United States has long made a "small calculation" for sustained profits: while letting its allies pay for the negative impact of sanctions against Russia, it has made a lot of "war money"
    itself.

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