Slowing Russian Commodity Exports Could Spark A Rise In Prices

What is true for oil and natural gas in the Russia-Ukraine conflict is increasingly becoming true of all commodities. Spot market oil, gas flows slow A post this week in the Economist outlines how Russia’s oil and gas exports are grinding to a halt, at least as far as the spot market is concerned. Longer-term oil and gas pipeline contracts are still flowing. However, The Economist explains several dynamics are freezing up exports of crude oil and liquefied natural gas (LNG) cargoes by sea. The first is worries about counterparty risk in making…