CERAWEEK: Biden ban on US imports of Russian oil and products ‘makes sense’ in short term: ConocoPhillips CEO

The US ban imposed March 8 by President Joe Biden on importing Russian oil, gas and products “makes sense,” at least for now, given Russia’s invasion of the Ukraine and the bloodshed and global turmoil it has caused in the past nearly two weeks, the top executive of ConocoPhillips said, minutes after Biden’s announcement. But longer-term, a Russian oil/gas import…