Home Industry Energy Brent oil hits $100 a barrel for the first time since 2014 Russia is a key supplier of energy to global customers by Bloomberg February 24, 2022 Brent oil surged to $100 a barrel for the first time since 2014 as Russia’s dramatic escalation of the Ukraine crisis sparked fears of a disruption to the region’s critical energy exports. Futures in London jumped as much as 3.3 per cent after a report that President Vladimir Putin has decided to conduct a special operation to “protect” the Donbas region. This week, Putin announced he’d send “peacekeeping forces” into the two separatist regions recognised by Moscow, heightening fears among western governments of a full-blown invasion of Ukraine. Russia is a key supplier of energy to global customers, with Europe relying on the nation for about a quarter of its oil supplies and a third of its gas. Tags Brent energy Europe prices Russia Ukraine 0 Comments You might also like Italy’s Saipem secures $4bn contract from QatarEnergy TAQA Group unveils new brand identity, consolidates operations AMEA Power to develop Africa’s largest solar PV project Mubadala Energy strengthens position in Andaman Sea exploration