Oil & Gas

Vladimir Putin’s plan to freeze Europe into submission during the winter season failed but there is no room for complacency as Russia still sees gas and oil exports as key weapons in its campaign to isolate and destroy Ukraine.

Price caps on Russian crude and oil products have placed Chinese refineries in the spotlight. Their historical tendencies and political connections could shed light on what to expect from them as the oil market reorients itself.

Patrick Pouyanné said at an Atlantic Council event that the US took advantage of an “opportunity” in the energy transition by passing the IRA, so “let’s do the same in Europe.”