Putin has the last laugh as sanctions fail to dent Russian oil output; U.S. bank’s big admission

JPMorgan projected this week that Russian oil drillers will maintain high production despite the Western sanctions. The Wall Street bank said that it was owing to the growing demand for Russian oil in India and China. The demand for crude oil in India and China is expected to increase collectively by 1 million barrels per day this year. The US bank said Moscow will be able to maintain the oil output to pre-war levels but will struggle to bring it back to the peak pre-covid levels. Watch this video for more details. #embargorussiangasoil #oil #russian #russianvolume #oils #crudeoil #crude #oilandgas #oilfield #oilindustry #embargorussiangasoil #sanctions #sanctionsonrussia #sanctionsagainstrussia #sanctionsexplained #sanctionsonrussiaeffects #sanctionsoniran #sanctionsininternationallaw #sanctionsonrussiaexplained #sanctionsinrussiatoday #sanctionsand #sanctionsandtherussianeconomy #sanctionsanditstypes #sanctionsandrussia #sanctionsandgreatpowercompetition #sanctionsandwar Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.