Tue 08 March 2022: A senior Russian official has warned that a Western ban on Russian oil imports could cause oil prices to more than double, to around $300 per barrel, and force the shutdown of Russia’s main gas pipeline to Germany. Russian Deputy Prime Minister Alexander Novak said on state television on Monday that … Continue reading “$300 PER BARREL”: RUSSIA WARNS OF ‘CATASTROPHIC’ FALLOUT IF WEST BANS OIL IMPORTS