Putin: It would be efficient for US to use Russia’s LNG technologies in Alaska

Putin is back saying:

• it will be official for United States use Russia’s LNG technologies in Alaska
• On benefits for Russia from war in Iran: market stability is important.
• Oil supply decline rattles markets, we are there in OPEC plus to balance the market.
• We are grateful to Saudi Arabia for cooperation on global oil market

The price of crude oil is down $-2.30 or -2.47% at $90.73.. The move to the downside is now taken the price below the 200 hour moving average at $91.87. The low prices today reached $90.47. The high today reached $93.63.

The United States maintains sanctions on Russian oil, but the sanctions are not a complete global ban on Russian oil exports.

Key points:

• The U.S. banned imports of Russian crude oil, petroleum products, LNG, and coal into the United States in 2022.
• The U.S. and its G7 partners also created a price-cap system that allows Russian oil to be sold to third countries only under certain conditions when Western shipping, insurance, or financial services are used.
• The U.S. has sanctioned numerous Russian energy companies, tankers, traders, and entities involved in what is often called Russia’s “shadow fleet” used to move oil outside Western oversight.
• During 2026, the U.S. has temporarily adjusted or waived some oil-related restrictions at times to address global supply concerns stemming from disruptions in the Middle East and Iran-related conflicts. Those waivers have been extended, allowed to lapse, and re-extended at different points, reflecting a balance between sanctioning Russia and avoiding an oil-price shock.

For markets, the important takeaway is that Russian oil is still flowing to major buyers such as India and China, but under a web of sanctions, price-cap rules, and enforcement actions that aim to reduce Russia’s oil revenue rather than completely remove Russian barrels from the global market.

This is why oil traders watch Russian sanctions closely: tighter enforcement can reduce available supply and push prices higher, while waivers or relaxed enforcement can increase supply and ease upward pressure on crude prices.

This article was written by Greg Michalowski at investinglive.com.