What the Russian uprising could mean for US oil policy

Capitol Crude: The US Energy Policy Podcast

An aborted rebellion by the Wagner mercenary group last month, although short-lived, highlighted potential political instability within the Kremlin and resurfaced energy security concerns after a softening of prices had allowed for some complacency among oil importers. Geopolitical experts have said it would be naïve to think the turmoil in Russia is over.

Claudio Galimberti, North America research director at Rystad Energy, joined the podcast to discuss the oil market’s response to the mutiny, what could come if further attacks to Russian President Vladimir Putin’s power materialize and how that could impact prices at the pump here in the US. He also shared lessons learned when past geopolitical events stressed major oil producing nations and gave his take on whether the Biden administration can curtail some of the supply-side risk and keep gasoline prices in check.

Stick around for Jeff Mower with the Market Minute, a look at near-term oil market drivers.

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