'Catastrophic Oil Shortage is Imminent': Putin's Envoy Dmitriev
23:22 06.04.2026 (Updated: 23:24 06.04.2026)
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'Catastrophic Oil Shortage is Imminent': Putin's Envoy Dmitriev
As Saudi Arabia is imposing a $20-per-barrel premium on oil prices for May, a severe oil shortage is unavoidable, Kirill Dmitriev said on social media.
Such an extreme increase in oil prices for May has resulted from the ongoing escalation in the Middle East and the Strait of Hormuz crisis.
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