US extends operating license to Serbia's Russian-owned oil refiner until February 20th
Newsquawk Staff ·
US extends operating license to Serbia's Russian-owned oil refiner until February 20th.
What it means
The U.S. extending the operating license to Serbia's Russian-owned oil refiner suggests a continued normalization of trade relations despite ongoing geopolitical tensions. This could impact oil supply dynamics in the region, potentially influencing WTI prices if the situation escalates or changes going forward. Monitor the response from other stakeholders in the EU and how it may affect broader energy market sentiment.
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