Western sanctions reshaping global energy markets – WSJ ...News

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Western sanctions reshaping global energy markets – WSJ
Russian oil is being rerouted to Asia, Africa and Latin America while Middle Eastern suppliers are boosting sales to the EU, the newspaper says Western sanctions on Russian energy resources are triggering a shift in global oil and gas flows and disrupting long-standing economic ties around the world, the Wall Street Journal has reported. An EU embargo on seaborne Russian crude took effect on December 5 along with a $60 price cap on oil exports, as part of a sixth package of Ukraine-related sanctions imposed on Moscow. A ban on EU imports of petroleum products such as diesel and kerosene originating from Russia wil

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