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 OPEC+ agrees to delay October oil output hike for two months Barakah Nuclear Plant’s Unit 4 begins commercial operations EtihadWE inaugurates four stations across emirates, invests Dhs442m Aramco plans to maintain 10% stake in Renault-Geely JV, eyes more partnerships