Europe’s Russian Oil Cap and Ban May Have Unexpected Effect

But there’s a compelling argument that the ban could have the reverse effect, as long as Russia finds a way to sell all its sanctioned oil to other buyers. To understand why, it helps to consider how sanctions have tended to work in the oil market. An increasing amount of oil in the world is facing sanctions. Those sanctions, for the most part, have not forced all of the oil from sanctioned countries like Iran and Venezuela off the world... + full article