{"id":474501,"date":"2022-03-09T10:47:40","date_gmt":"2022-03-09T05:17:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=474501"},"modified":"2022-03-09T12:15:11","modified_gmt":"2022-03-09T06:45:11","slug":"what-would-a-us-ban-on-russian-oil-mean-for-the-world","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/what-would-a-us-ban-on-russian-oil-mean-for-the-world\/","title":{"rendered":"What would a US ban on Russian oil mean for the world?"},"content":{"rendered":"<p>The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. <\/p>\n<p>Russia is the world&#8217;s top exporter of crude and oil products combined, at around 7 million barrels per day (BPD) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock.<\/p>\n<p>Here are some of the likely consequences of a ban:<\/p>\n<p>RECORD PRICES<\/p>\n<p>Western governments have not directly sanctioned Russia&#8217;s energy sector but some customers are already shunning its oil to avoid becoming entangled in legal troubles later.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. Russia is the world&#8217;s top exporter of crude and oil products combined, at around 7 million barrels per day (BPD) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock. Here are some of the likely consequences of a ban: RECORD PRICES Western governments have not directly sanctioned Russia&#8217;s energy sector but some customers are already shunning its oil to avoid becoming entangled [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-474501","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/474501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=474501"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/474501\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=474501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=474501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=474501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}