Energy market looks to high oil prices and renewables to plug Russia hole
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Energy market looks to high oil prices and renewables to plug Russia hole

Samuel Casey
06 April 2022
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Aerial drone view of petrol industrial zone or oil refinery in Yaroslavl, Russia.jpg

As turmoil and uncertainty persist in global energy markets following Russia’s invasion of Ukraine, energy underwriters are looking to an uptick in international fossil fuel activity and an anticipated boom in renewables to counteract the impact of lost Russian business.

Sources told this publication that the outbreak of war was significantly exacerbating trends that were already emerging in the energy landscape in the wake of the Covid-19 pandemic and COP26, spurred on by the prospect of high commodity prices...

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News Analysis Energy London market
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Samuel Casey
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