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Western Sanctions Have Sidelined a Lot of Oil

Western Sanctions Have Sidelined a Lot of Oil

oil_gas_production

Industry Segment: Production | Word Count: 723 Words

June 8, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Geopolitical sparring at least over the last decade or so has created significant blowback on the global economy as Western sanctions stifle some of the world's leading oil producers.

Contractual disputes between Russia and Ukraine during the early aughts left European gas consumers in the cold given the dense network of Soviet-era pipelines extending through Ukraine.

Companies featured: Eni (NYSE:E)

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