Insight
Conflict in the Middle East: the impact on Russia's oil outlook
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Russia, already navigating a complicated geopolitical situation following the invasion of Ukraine in 2022, finds itself as a potential beneficiary of the growth in oil prices caused by the war in the Middle East. However, the combination of Ukrainian drone attacks on its crude oil export facilities and US sanctions on oil sales limit its ability to take full advantage of the situation today. We highlight five key themes: • Oil supply – how many barrels could Russia add over the coming months? • Price increases – by how much will producers and the government benefit? • Sanctions – what has been eased, and is a further easing likely? • Drone attacks – where are these occurring and what is the commercial impact? • Long-term considerations – where could Russia focus its investments in production capacity and new export routes?
Table of contents
- Executive summary
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Assessing the oil market impact of the Middle East conflict – 8 key questions answered
Production shut-ins, re-routing crude, IEA stock release and other non-OPEC supply response
$1,350
Insight
The Middle East conflict: why carbon markets are not yet disrupted
This insight covers impact of the conflict in four key areas – carbon policies, compliance prices, carbon offset markets and CCUS.
$1,250
Insight
Middle East conflict: implications for the region’s oil-producing NOCs (Part 1)
The conflict is exposing sharp differences in export flexibility, spare capacity and financial resilience across the region’s NOCs
$1,350
