Sanctions on Russia are likely to lead to higher prices, and Middle East nations don’t seem ready to increase supply, said Helima Croft of RBC Capital Markets.
Sanctions on Russia for invading Ukraine are likely to lead to higher prices, and Middle East nations don't seem ready to increase supply, said Helima Croft of RBC Capital Markets.
Consumers have to be ready for a period of higher prices as Russia continues its war in Ukraine and disruptions to the global energy market persist, according to an energy expert.
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