Russian Black Sea Port Of Taman To Suspend LPG Exports Due To Concerns Over The Drone Attacks
Portfolio Pulse from Happy Mohamed
The Russian Black Sea port of Taman will suspend LPG exports due to concerns over drone attacks. This may affect the energy sector and related ETFs such as SPY and VGK.
June 02, 2023 | 12:49 pm
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NEGATIVE IMPACT
SPY, an ETF with exposure to the energy sector, may be impacted by the suspension of LPG exports from the Russian Black Sea port of Taman.
The suspension of LPG exports from the Russian Black Sea port of Taman may lead to supply disruptions and affect the energy sector. As SPY has exposure to the energy sector, its performance may be negatively impacted in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
VGK, an ETF with exposure to European equities including the energy sector, may be impacted by the suspension of LPG exports from the Russian Black Sea port of Taman.
The suspension of LPG exports from the Russian Black Sea port of Taman may lead to supply disruptions and affect the energy sector. As VGK has exposure to European equities including the energy sector, its performance may be negatively impacted in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50