If the situation around Donbas escalates and sanctions are imposed on Russian oil exports, the price of black gold may exceed $100 per barrel, the international rating agency Fitch said
“Russia’s share of the global oil market is more than 10%, there is nothing to replace it and there is little spare capacity, especially given the gradual recovery in demand – even if sanctions on Iran are lifted soon”, – said Dmitry Marinchenko, senior director in Fitch’s Natural Resources and Commodities Group at the international rating agency.
Today, February 22, the price per barrel of Brent crude has already surpassed $99. It has not been so expensive since September 2014. According to the international rating agency, this could trigger an energy crisis.