News
Where are Russia’s barrels of oil going?
Russia continues to reap large profits from its oil, even as Ukraine tightens its gas pipeline route and the West seeks to punish the country with sanctions
Related Knowledge Center: Energy security and pricing
State of Play
The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.