Anti-Russian sanctions could lead to a rise in oil prices to $145 – Bloomberg

Oil prices could soar to $145 a barrel if Russia is disconnected from SWIFT, while OPEC will not be able to curb their growth. This forecast was published by Bloomberg on Sunday. Disconnecting only some of the country's banks from SWIFT would be enough to implement this scenario. In fact, this will have the same effect as the imposition of sanctions on exports from Russia, and will displace customers who rely on SWIFT to pay for the purchase of Russian goods, the edition wrote. As a consequence, the volume of oil supplies from Russia may decrease, but OPEC will not be able to compensate for the lack of oil on the world market, as most of its members are approaching the limit of their capacities. Last year, Russia exported more than 40% of its oil production, equivalent to 4.5 million b/d. It was expected that the turnover of the latter in the world this year will exceed $120 billion. Disconnection from SWIFT for more than six months may lead to the rise in price of WTI to $145, according to Bloomberg.