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The EU’s Embargo On Russian Oil Will Be A Boon For OPEC

Ms. Cat
  • The current oil market climate is complex, to say the least.
  • Europe is preparing to enact its embargo on Russian oil and refiners are scrambling for alternatives.
  • Many searching for new sources of crude have landed on Middle Eastern producers as a potential alternative.
The EU’s Embargo On Russian Oil Will Be A Boon For OPEC