War or peace? For oil markets, the Ukraine outcome is insignificant

Despite U.S. President Trump’s diplomatic efforts to resolve the Ukraine war, oil and gas markets are unlikely to be significantly affected. Even a full ceasefire and sanctions removal are improbable. While Europe has reduced reliance on Russian energy, countries like India and China have increased imports.

​Despite U.S. President Trump’s diplomatic efforts to resolve the Ukraine war, oil and gas markets are unlikely to be significantly affected. Even a full ceasefire and sanctions removal are improbable. While Europe has reduced reliance on Russian energy, countries like India and China have increased imports.