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- Energy prices have been soaring for more than a year amid a rapid rebound in demand for oil, which had collapsed during the pandemic. Russia's invasion of Ukraine added new price pressures, as sanctions make it hard for the country - typically the producer of about 7% of global supplies - to find buyers for its oil.
Mar 4, 2022 · Russia's invasion of Ukraine inflated oil prices even further to well over $110 per barrel. We outline the impact on oil prices and the energy transition.
Jan 2, 2024 · The eruption of the Russia–Ukraine war and the subsequent US energy sanctions imposed on Russia have resulted in a significant surge in crude oil prices. On March 7, 2022, the WTI crude...
Feb 28, 2023 · Russia's war in Ukraine is causing a profound and permanent shift in the world's oil markets, creating new geopolitical alliances. Analysts say it's comparable to the 1970s Arab oil...
- Jackie Northam
Feb 24, 2022 · Russia’s invasion of Ukraine early Thursday may have occurred halfway around the world for Americans, but it produced an immediate impact on consumers here, with energy prices surging at...
- Nigel Chiwaya
- Senior Editor, Data Viz
Jul 28, 2023 · Global oil prices have gained more than 16% since late June and are heading for their fifth-straight week of gains, the longest rally since before Russia’s full-scale invasion of...
Dec 13, 2022 · Natural gas prices hit multi-year highs and oil nearly $140 a barrel, not far from an all-time record, turbocharging a post-pandemic inflationary spiral that caused a cost-of-living crisis in...
Mar 10, 2023 · In the past twelve months, the oil market has absorbed the impact of Russia's invasion of Ukraine and the sanctions imposed in response by the United States, the European Union and their...
