Since sanctions were announced at the end of last month, those monitoring the oil industry have questioned whether the restrictions placed on Russia by the EU and the US are just a piece of “theatre” without any meaningful impact. And with good

Source: www.ft.com

“While concerns about immediate supply disruptions have proved, so far, unfounded, having little bearing on the spot price, the latest movements on the Russian front, in conjunction with the uncertainty surrounding geopolitical tensions elsewhere, have reinforced support for long-dated oil pricing.”

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