Oil Market Was Splintered in 2022 by Russia’s Invasion of Ukraine

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Some countries buy Russian oil, some don’t. How long will the division last?

U.S.

gasoline prices have been up and down throughout the year, and now more uncertainty is on the horizon as a European Union embargo on Russian oil imports kicks in along with a price cap on crude out of Russia. WSJ explains how these moves could affect prices at the pump for Americans. Illustration: WSJ

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Soviet defeat in Afghanistan broke the Soviet Union. UkraineRussiaWar was the Final blow to bring Russia to its knees. 2022 is not 1989. Russia is in its home & China is facing the US in Taiwan, bringing the two closer.

It will last until everyone will buy Russian oil

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Bullish oil market could complicate Biden's oil reserve refill planOil prices rose to their highest mark in nearly a month on Tuesday, potentially posing challenges to the Department of Energy's plan to begin refilling the Strategic Petroleum Reserve using fixed-price contracts following President Joe Biden's record-breaking drawdowns. JoeBiden JoeBiden Then maybe he shouldn't have sold so much to the CCP. JoeBiden Wait, wut? Never could've foreseen this! But really, who cares, it's not his money.
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