Finance
IEA says new US sanctions could significantly disrupt Russian supply
Published by Global Banking & Finance Review®
Posted on January 15, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on January 15, 2025
1 min readLast updated: January 27, 2026
The IEA reports that new US sanctions may disrupt Russian oil supply, potentially tightening crude oil balances and raising prices.
LONDON (Reuters) - The latest round of U.S. sanctions against Russian oil, announced last Friday, could significantly disrupt Russia's oil supply and distribution chains, the International Energy Agency (IEA) said in its monthly oil market report on Wednesday.
The Paris-based agency held its supply forecasts for Russia and Iran steady for this month given an uncertain outlook over the full impact of the new sanctions, but said that Washington's measures could result in a tightening of crude oil and fuel balances.
"While exhaustive, the full impact on the oil market and on access to Russian supply is uncertain," the agency said.
The IEA said that tighter sanctions, as well as a cold weather snap in the northern hemisphere, had propelled crude prices above $80 a barrel in early January. Brent futures were trading at $80.12 a barrel at 0850 GMT.
(Reporting by Robert Harvey and Alex Lawler in London; editing by Jason Neely)
The article discusses the potential impact of new US sanctions on Russian oil supply as reported by the IEA.
The sanctions could tighten crude oil balances, leading to higher prices, with Brent futures already above $80 a barrel.
The IEA states that the full impact on the oil market and access to Russian supply is uncertain.
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