Published by
Reuters UK
Reuters UK
By Dmitry Zhdannikov and Julia Payne LONDON (Reuters) – The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure guarantees at Western banks or find ships to take crude from one of the world’s largest producers. At least three major buyers of Russian oil have been unable to open letters of credit from Western banks to cover purchases on Thursday, four trading sources said, citing market uncertainty after the Russian invasion. Russia produces every tenth barrel in the world and oil prices jumped to above $105 per b…