Cutting Russia’s Oil Flow To Europe Would Be A Disaster

The Russia-Ukraine crisis has put the energy market on high alert for possible disruptions of Russian energy supplies to Europe. While most of the talk and headlines focus on a potential disruption of Russian pipeline gas exports to Europe, a significant decline in Russian crude and oil product exports westwards to Europe would also have a devastating effect on the energy supply in Europe, which is already grappling with a gas and power crisis. A plunge in Russian oil exports to Europe would also be a very bullish factor for oil prices, which could…