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Why Russian Invasion Peril Is Driving Oil Prices Near $100

Why Russian Invasion Peril Is Driving Oil Prices Near $100

The threat of a Russian invasion of Ukraine is shaking up a fragile global oil market, pushing prices closer to $100 a barrel as traders calculate that supplies will struggle to cushion the effect from any significant disruption in Russian fossil fuel exports.Demand for oil has outpaced production growth as economies slowly rebound from the worst of the pandemic, leaving the market with a small buffer to mitigate an oil-supply shock. Russia is the world’s third-largest oil producer, and if a con …
14th Feb 2022 PS24

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