THE EVOLVING IMPACTS OF RUSSIA’S INVASION OF UKRAINE ON OIL FLOWS

Homayoun Falakshahi, Jane Xie and Matt Smith at Kpler try to make sense of the effects on the oil markets of Russia’s ongoing war on Ukraine Russia’s invasion of Ukraine has shocked the global oil market. After catapulting higher from pre-invasion prices of less than US$100/bbl to as high as US$139/bbl, international Brent crude prices continue to remain elevated. Availability of oil to refiners, particularly those in Europe, has been curtailed. This is, however, not because of any formal sanctions on Russian energy exports, which so far only the US and the UK have subscribed to. This is mainly due […]