Publications: The Petroleum Economics Monthly

Russia's Annexation of Crimea: Introducing New Long-Term Instability into Energy Markets (February 2014)


Russia’s annexation of Crimea will introduce new instabilities into energy markets. Many of these, such as the reliability of Russia’s natural gas supply, have been discussed widely in the financial and technical press. Some, though, have not. This issue of The Petroleum Economics Monthly examines some of the longer-term impacts. The European response to Russia’s aggression will likely be additional measures to boost renewable energy use there along with stricter conservation requirements. Crimea’s annexation has also brought attention back to strategic crude oil reserves. This month's report discusses these issues and more.


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