Russia resistant to economic pressure imposed by sanctions. For now
Could easily employ sanctions-avoiding mechanisms perfected by Iran
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Author: Rashid Husain Syed
Forecast calls for a strong recovery in crude oil demand
Thanks mainly to China finally emerging from its Covid-19 lockdowns
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Oil price cap costing Russia an estimated €160 million per day
But Russia is still taking in €640 million a day from the sale of fossil fuels
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DOE expects further weakening in oil prices
DOE announcement to back away from any crude purchases for February is a warning sign
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Oil price forecast for 2023 all over the map
The price of oil could end up anywhere between US$70 to US$121
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