International Energy Agency – Page 4

Russia’s Oil Revenue Soars Despite Sanctions, Study Finds

Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.

Fatih Birol, the head of the International Energy Agency, says he has been urging leaders to draw up contingency plans.

Russia wants to sell more oil and coal to China and India, but Western sanctions may make that hard unless Russia offers deep discounts on the price.

Big producers seem to be sticking to modest output raises and alliance with Russia.