A week later there could be a global disaster |

The collapse of the global oil market, which has entered a stage of confrontation and instability, is approaching.

This is stated in the research of the “Financial Times” (FT) publication.

The publication writes that in the 9th month of the war in Ukraine, the cooperation of the world powers in the field of energy is just a memory.

“Moscow has been quiet for months gas is blackmailing Europe with its supply, and now actively of Ukraine attempts to disrupt the power grid. Competition has flared up between consumer countries: they are trying to share scarce energy resources. with Saudi Arabia USA cracks have appeared in the long-standing relations between the oil sector. Even Joe Biden they are talking about a new battle to protect the supply chain,” the article says.

FT notes that next week in Europe Russia the death of the old order will occur in the global oil market by blocking the transportation of oil by sea: “This is one of the harshest responses to Putin’s brutal war in Ukraine. Western countries with new sanctions Russia they will try to limit the price of oil. No one will undertake to discuss how devastating these measures will be. On February 24, Putin’s troops Ukraine The sanctions imposed after crossing the border did not have a serious impact on Russia’s oil exports or revenues. However Russia the principle that the price of oil will be determined by Moscow’s geopolitical rivals 10 together with Saudi Arabia, which has more than 100 percent, is to humiliate the OPEC+ countries.

Moscow is already preparing to discuss this issue with OPEC+: Russian Deputy Prime Minister Alexander Novak will meet Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, at the next OPEC+ meeting a day before the European embargo plan and price cap come into force;

Energy experts believe that the coming days are a dangerous period for the oil market and the world economy, which is still very dependent on raw materials. In the past year, geopolitical norms have been shaken, and supply chains that worked well for decades have been disrupted.

FT writes that Russia Europe the desire to cut ties with the market, or USADespite strong resistance, Saudi Arabia’s reconsideration of the decision to cut off oil supplies last month is enough to crash the global market.

However, the publication notes that the consumer countries did not sit idly either: for example, to lower the price of gasoline USAand the West’s attempts to squeeze Russian energy out of its economy.

American analyst Roger Diwan believes that what is happening is tectonic changes.

“Global markets were built on highways, of course gas From Russia to Europe, oil and gas and flows from the Middle East to Asia. It is hard to imagine the changes now. Conflict and instability await us,” the analyst notes.

Note that the expected difficulty in the global oil market is the oil producer Azerbaijan is also of special importance for The global crisis may affect us, but it is not an exception that the crisis creates new opportunities. For the West, which wants to reduce dependence on Russian oil and energy resources in general Azerbaijan may increase in importance.