(Bloomberg Opinion) — In response to Russia’s invasion of Ukraine, the International Energy Agency this week unveiled a 10-point plan to cut oil demand in developed economies by about 2.7 million barrels per day within four months. Reducing demand will make it a lot easier to impose tough sanctions on Russian exports, but the proposals also serve the long-term goal of moving energy consumption on a more sustainable path.
This post Reducing oil demand would hurt Russia and alleviate a supply crisis
was original published at “https://www.bloombergquint.com/gadfly/cutting-oil-demand-would-hurt-russia-and-ease-a-supply-crisis”
