OTC: US should tread carefully with Russian sanctions, says DougWest

05/12/2014
  The US should tread carefully when it comes to oil-related sanctions against Russia given international tensions surrounding the Russia-Ukraine conflict, Douglas-Westwood said in an energy insight note released during the Offshore Technology Conference in Houston. Some energy market observers have suggested a release from the US Strategic Petroleum Reserve (SPR) could dampen oil prices, hurting Moscow economically. "Would the White House be cutting off its nose to spite its face?" Douglas-Westwood asked. "Unquestionably, the sector that would feel the tightening purse strings most would be the deepwater US Gulf of Mexico." Douglas-Westwood said, "Ultimatel...
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