Oil prices rose to a seven-year high on Tuesday as Russia ordered troops into two breakaway regions in eastern Ukraine, further escalating concerns that the region is teetering on the brink of war.
The jump in oil prices followed Russian President Vladimir Putin formally acknowledging two pro-Russian regions in eastern Ukraine as independent regions and immediately sent troops to the regions for “peacekeeping”.
Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.