The Russian invasion of Ukraine has changed global oil trade routes forever. In one of the most significant rerouting of oil flows in recent decades, Europe is now looking to haul in growing volumes of non-Russian crude, while Russia—shunned in the West—is looking East for its next top exporting market. The Russian war in Ukraine and the sanctions from the United States, the United Kingdom, and the European Union that followed upended the entire global oil supply chain. The closest neighbors geographically—Europe and…
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