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Oil prices recorded 113.03 dollars for Brent and 107.40 dollars for US crude

 Oil prices recorded 113.03 dollars for Brent and 107.40 dollars for US crude

Today, Monday, oil prices recorded 113.03 dollars per barrel for the global benchmark crude futures contract, while the US West Texas Intermediate crude futures recorded 107.40 dollars per barrel.
 
Sri Lankan Energy Minister Kanchana Wijesekera announced today, Monday, that two government ministers will travel to Russia at a later time in the framework of a diplomatic visit, during which they will discuss issues related to the possibility of buying Russian oil.
 
The local newspaper Daily News quoted the minister as saying that the Sri Lankan government has not abandoned discussions with the Russian government on this issue, especially as the country is suffering from a severe crisis of fuel shortage.
 
Sri Lankan Prime Minister Ranil Wickremesinghe had announced at the beginning of next month that his country may have to buy more oil from Russia to deal with the current fuel crisis.
 
Wickremesinghe admitted that the crisis in Sri Lanka was of its own making as many blamed government mismanagement, big tax cuts in 2019, policy mistakes that destroyed crops and a sharp drop in tourism due to the coronavirus pandemic.
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