Live Interview with CNBC
Ranjeet Singh, CEO London Stone Securities
The Russian-Ukraine crisis is getting out of control and this is pushing up oil prices as a result. The question is can our politicians get us out of this escalating crisis and are tougher sanctions against the Russians, the right way to move forward. We don’t believe so. Inflationary pressures and rising oil and gas prices will only get worse and there are better ways to deal with the problem.
In this interview Ranjeet answers the following questions.
Question 1
With the EU now announcing further economic sanctions on Moscow what impact do you think this might have on already rising oil prices. Do you think it will have the desired impact that is expected?
Question 2
OPEC meets this week and with Russia playing the lead role in OPEC+ how do you think the sanctions might affect decisions made there about the price and supply of oil. Do you think that Germany’s decision is politically motivated and what impact does this have?
Question 3
This is a difficult question to answer but I would like to get an expert’s opinion on it. The price of oil is now above $100 a barrel, where do you see it going forward from here? Will it push on or have we already now seen the year high?