Ukraine war brings oil price boom, but some commercial ties could fray

In depth
Issue 1142 - 04 Mar 2022 | 6 minute read

Russia’s invasion of Ukraine has sent already strong oil prices spiralling upwards, with a show of Opec+ solidarity that underlines just how close Saudi-Russian relations have become. Oil and gas producers are among the likely big winners, with Gulf governments offered a new path to balance their budgets and build up their financial reserves, but other commercial relations could come under much closer scrutiny.

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