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Martin Wiggen: Timing of Russian Sanctions Interesting
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Why This Matters
US sanctions on major Russian oil producers have led to a surge in oil prices, with Russian crude flows to India expected to decline and Chinese refiners canceling purchases, causing a significant weekly gain in oil prices.
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Bullish
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Article Context
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Oil was on track for the biggest weekly gain since June after US sanctions on major Russian producers upended the market. Russian crude flows to key buyer India are expected to plunge following the penalties on Rosneft PJSC and Lukoil PJSC, while some Chinese state-owned refiners canceled purchases. Nadia Martin Wiggen, Director at Svelland Capital spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)
Original article published by
Bloomberg
on October 24, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.