Russia warns West of $300 per barrel oil, cuts to EU gas supply

Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia, a senior minister said. "It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market," Russian deputy PM Alexander Novak said. https://ift.tt/E9x46Wu