Russia may hold the key to what happens next.
The country's oil has continued to flow to global markets despite sanctions. Since the invasion of Ukraine just over a year ago, analysts have predicted production and exports would decline, but after a dip at the start of the war they recovered swiftly.
As oil expert Julian Lee reported last week, the International Energy Agency has repeatedly needed to adjust its output estimates higher as Russia has found markets for its crude in Asia.
And the architecture of the oil market has morphed quickly to cope with new traders and shipowners springing up almost overnight.
Denne historien er fra March 21, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra March 21, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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