An extreme scenario for oil prices

Russia’s oil production is set to decline over the course of this year under the weight of Western sanctions, but the scale of the decline will depend on the extent of the sanctions. In this Update, we weigh up how a complete Western ban on imports of Russian energy would affect the oil market. The forecasts and assumptions contained in this Update can also be found in our Oil Market Monitor on CE Interactive.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.