RUSSIA

The new oil world order

EVEN though the ongoing Russia-Ukraine stand-off has assumed centre stage for now, recent political realignments in that old theatre of oil politics – the Middle East – could alter the oil market landscape in the near future. <b>By Gomati Jagadeesan.</b>

Events in Crimea and the potential fallout for energy relations between Russia and Europe have been widely assessed. While Russia stands to lose some of its European customers should economic sanctions...

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