Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The United States has resumed importing Russian oil


January, 11 2024
watermark Economic news

In October 2023, the United States resumed importing Russian oil after a break of 1.5 years, purchasing almost 37 thousand barrels of raw materials. In November, the United States bought about 10 thousand barrels more.


It should be noted that in March 2022, the White House increased sanctions pressure on Russia, including a ban on the import of oil and other energy resources from the country, in response to the start of its war in Ukraine. In April 2022, the United States conducted the last purchase of a Russian oil resource at that time. 


In addition, in December 2023, Western countries imposed a ceiling on oil prices, limiting the purchase of «black gold» from Russia at a price exceeding $ 60 per barrel.


Despite this, statistics show that in October last year, the United States imported 36.8 thousand barrels of Russian oil worth $2.7 million. In November of the same year, the country purchased another 9.9 thousand barrels worth $750 thousand. It is also worth noting that American companies purchased oil at prices of $74 and $76 per barrel, that is, well above the established price ceiling.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.