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Opinion
Julian Lee

The Oil Market Has a Big Russia Sanctions Problem

The US administration is running out of time to prevent European sanctions on Russian crude from causing a spike in oil prices.

A Russian oil tanker in the Arctic Ocean

A Russian oil tanker in the Arctic Ocean

Hello and welcome to Elements, our daily energy and commodities newsletter.  Oil Strategist Julian Lee argues European sanctions threaten oil market turmoil this winter. Elsewhere, European energy minister are discussing how to limit the impact of the energy crunch. If  you haven’t yet signed up to get it direct into your inbox, you can do that here.

The US administration is running out of time to prevent European sanctions on Russian crude from causing a spike in oil prices.