Russia’s Oil Industry, Linchpin of Economy, Feels Sting of Ukraine War Disruptions

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Russia's oil-storage facilities are filling up, refineries are cutting output and crude-oil wells are reducing production—a blow for the country's economy as Moscow wages war on Ukraine

Storage facilites are filling up, refineries are cutting output and crude-oil wells are throttling back production—a blow for the country’s economy as Moscow wages war on Ukraine

Russia’s attack on Ukraine helped push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil costs could further boost inflation across the U.S. economy. Photo illustration: Todd Johnson

 

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I can’t believe NATO/US didn’t learn from past W W2. Only after 3,000 dead, thenUS took action -late ? Allowing Putin to kill more people& then NATO/US take action . Does delay in combined action makes any sense?Just think coolly-Is really worth towait seeing more peopldead

So blow them up

Russia has no inflation and can survive any sanctions.West is suffering from highest inflation in decades and its only matter of time it impacts economy.There are elections in west not in russia.Putin can remain sanctioned longer than Biden democrats can remain elected.

Is that why oil prices are up $9 in 2 days? Russia can sit on its oil longer than western politicians can suffer 8.5% inflation.

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