Worldwide industries are facing unprecedented times as uncertainty rises around the longevity of Russian sanctions. Businesses are drawing up long, medium, and short-term plans for how they will operate under various scenarios. Of course, these scenarios are mostly speculation, with businesses knowing that they are likely to change. Sanctions on Russian oil, in particular, seem to be the least predictable. Ajar Parma, the Senior Oil Analyst at ICIS (The Independent Commodity Intelligence Services), noted several situations and how they may affect availability and pricing. An article released by ICIS outlines Parma’s insights on Russian oil exports and what we may be able to expect in the future.
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