• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Sunday, April 2, 2023
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
TFIGlobal
No Result
View All Result

One move by Putin ensures massive oil shortages in all of Europe and U.S

Sanbeer Singh Ranhotra by Sanbeer Singh Ranhotra
April 20, 2022
in Africa, Americas, Europe, Geopolitics, Global Issues
Reading Time: 3 mins read
0
One move by Putin ensures massive oil shortages in all of Europe and U.S
2.6k
VIEWS
Share on FacebookShare on Twitter

You thought oil prices were cooling down?

You thought the worst was behind you? You thought the oil supply was stabilizing?

Also Read

 NATO has the most peculiar tool against Putin and it’s not a missile

The Obama Legacy: How Obama destroyed Africa

Well, you were wrong, but it isn’t your fault really. You were lied to.

You were lied to by the Biden administration and its lackeys. Europe was also made a victim of the White House’s lies. Guess what? Vladimir Putin has just pulled an ace from under his sleeve, and one move by him has once again wreaked havoc in oil markets around the world. Just when America and Europe thought they could somehow survive the oil price hike caused by the war in Ukraine, Vladimir Putin struck them.

Have you heard of Libya?

Source- Daily Express

Of course, you have. It’s a North African country torn by war. Two factions are fighting in Libya – the LNA and the GNA. The Libyan National Army is led by General Khalifa Haftar and is supported by Russia, UAE, Egypt, Saudi Arabia, and others. The Government of National Accord is supported by the likes of Turkey and the United States.

It is in Libya that Russia has pulled a fast one over the West.

Libya’s Unexpected Oil Crisis

Oil prices rose on Monday by 1 percent, with Brent crude topping $113 a barrel. Adding to supply pressures from sanctions on Russia, Libya’s National Oil Corp on Monday warned that “a painful wave of closures” had begun hitting its facilities and declared force majeure at Al-Sharara oilfield and other sites.

What is causing these closures, you might ask?

The answer is simple – Russia.

World Cup: Russian Workers Being Taught How to Smile Before Tourists Arrive
Source- Business Insider

It is being reported that pro-Haftar forces and tribals in Libya shut down the county’s largest oil field. The Al-Sharara oil field produces around 450,000 barrels a day. Libya’s daily oil output has now plummeted to 800 million barrels a day, down from 1.2 billion barrels.

Separately, Khalifa Haftar’s supporters and his forces also shut down the al-Feel oil field and the Zueitina terminal on the Gulf of Sirte. The closure of the terminal forced the Libyan National Oil Corp. to stop production in the fields of Abuatufol, al-Intisar, al-Nakhla, and Nafura. Interestingly, the area where such closures have taken place is controlled entirely by Haftar’s forces.

America and Europe Must Brace for Impact

Libya is a major producer of oil. America and its allies, including those in Europe have been looking to cut down on their dependence on Russian energy. That the United States actually ramped up its oil imports from Russia towards the end of March at an unprecedented scale is a separate matter altogether.

Read more: The United Shame of America – US sneakily ramps up the import of Russian oil after sanctioning it

Essentially, shutting down oil fields in Libya at a time when the world is in dire need of an increased oil supply has come as a rude shock for the West. There is already a lack of alternatives to Russian oil, and Libya cutting down on its daily output will have rather painful ramifications for oil prices and overall energy supplies around the world.

Spain and Italy are considered top buyers of Libyan oil. Therefore, Russian President Vladimir Putin is using his influence over General Haftar in Libya to create further shocks in oil supplies, that could potentially jeopardize European energy security. Putin is basically strongarming the United States and Europe to not take any hasty decisions against Russia’s energy exports. If they do, they must be prepared to deal with unexpected scenarios created by Vladimir Putin in different parts of the world.

Tags: EuropeGlobal Oil CrisisLibyaLibyan civil warPutin
ShareTweetSend
Previous Post

Liberal media has laid a trap for conservative voters in America

Next Post

LPL Meaning with Explanation and Definition

Also Read

North Korea and China rekindle their lost lust for power

North Korea and China rekindle their lost lust for power

April 1, 2023
Patriot air defense systems

Is the defense establishment in the NATO’ jeopardising Ukraine’s chances

March 31, 2023
The west is cat fishing its soldiers

The west is cat fishing its soldiers

March 31, 2023
Peru political crisis: Peru is making enemies everywhere

Peru political crisis: Peru is making enemies everywhere

March 31, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Romania’s rising star, Diana Sosoaca is making the West anxious

Romania’s rising star, Diana Sosoaca is making the West anxious

March 27, 2023
Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

May 9, 2022
Trudeau just passed a law that could eradicate Canadian economy entirely

Trudeau just passed a law that could eradicate Canadian economy entirely

March 24, 2023
Bosnia- Herzegovina’s President decides to throw out every European and American agenda peddler

Bosnia- Herzegovina’s President decides to throw out every European and American agenda peddler

March 29, 2023
US dollar trade

South America joins the de-dollarisation bandwagon with a big announcement  

March 31, 2023
North Korea and China rekindle their lost lust for power

North Korea and China rekindle their lost lust for power

April 1, 2023
Patriot air defense systems

Is the defense establishment in the NATO’ jeopardising Ukraine’s chances

March 31, 2023
The west is cat fishing its soldiers

The west is cat fishing its soldiers

March 31, 2023
Peru political crisis: Peru is making enemies everywhere

Peru political crisis: Peru is making enemies everywhere

March 31, 2023
Drag performers Canada

Dragging Canada’s Future: How Drag Performances are destroying Canada’s future

March 31, 2023
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2023 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

©2023 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.