Despite Western sanctions and volatile prices, Russian oil exports proved resilient last year. The global oil market may face different challenges in 2023…

Except for the recent dip in demand because of Covid-19, oil producers are enjoying the higher prices that come with increased consumption. But consumers may get the upper hand by 2040…

As some countries, including the world’s two biggest oil importers, are unlikely to join proposed sanctions against Russian crude, Moscow could redirect its exports.

Iran’s oil could have a significant impact on prices, although on its own it would not compensate for the loss of Russian supplies.

Most forecasts predict that oil prices will keep rising for the time being. But with geopolitical tensions running high, there is uncertainty over when they will stabilize.