Why Russian oil can’t find buyers even as crude soars above $100 a barrel

Posted March 6th, 2022 by Brahm Canzer & filed under Company Analysis, Economic Analysis, Governments & Regulators, Growth & Valuation, Industry Analysis, Personal Finance.

Description: Call it a “buyers strike” or “self-sanctioning,” but Russian crude is being shunned in the physical market even as a scramble for barrels sends oil futures to their highest levels in years.

Source: MarketWatch.com

Date: Mar 04, 2022

Link: https://www.marketwatch.com/story/why-russian-oil-cant-find-buyers-even-as-crude-nearly-touches-120-a-barrel-11646347974

Questions for discussion:

Why can’t Russian oil find buyers?
How do you believe the energy business will change as a result of unfolding events?
How should investors respond to these changes taking place?