According to S&P Global Commodity Insights This conflict arises as a consequence of EU sanctions against Russia, which triggered changes in Urals crude oil price assessments by Platts, affecting the pricing mechanism for West Shetland crudes, as revealed by Harbour Energy on January 11.
Edinburgh [Scotland], January 24 (ANI): An earthquake of magnitude 7.3 on the Richter scale struck the South Shetland Islands on Saturday (local time), said the U.S. Geological Survey.