The Russian Oil Supply Shock of 2022

Lutz Kilian and Michael Plante
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Lutz Kilian: https://www.dallasfed.org/research/economists/kilian

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: In the immediate aftermath of Russia’s invasion of Ukraine in late February, early estimates suggested that perhaps 3 million barrels a day (mb/d) of petroleum production had been effectively removed from the global oil market, constituting one of the largest supply shortfalls since the 1970s.

Keywords: Energy; Economic Conditions; Monetary Policy (search for similar items in EconPapers)
Date: 2022-03-22
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:93885

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