Russia’s Plan To Cut Off Kazakh Oil Supplies To Europe ...Middle East

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Russia’s Plan To Cut Off Kazakh Oil Supplies To Europe
The European oil market just received another supply shock ahead of the looming EU embargo on seaborne Russian oil imports. A Russian court has ordered the closure of a key Russian Black Sea export route, through which most of Kazakhstan’s crude oil passes to Europe.  The Russian court ruling further complicates Europe’s efforts to procure non-Russian oil in a tight physical market. It also highlights the fact that Moscow could go to any lengths to stifle oil supply to “unfriendly” countries which are banning imports…

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