Europe’s Russian Oil Ban Could Overhaul Global Energy Market

Clifford KraussSource LinkHOUSTON — The European Union’s embargo on most Russian oil imports could deliver a fresh jolt to the world economy, propelling a realignment of global energy trading that leaves Russia economically weaker, gives China and India bargaining power and enriches producers like Saudi Arabia.Europe, the United States and much of the rest of the world could suffer because oil