Russia's Novak Says We Are Currently Witnessing The Worst Energy Crisis In The Last 40 Years; Middle East Conflict Is Currently Affecting At Least 20 Million Barrels Of Oil Per Day

3/18/2026
Impact: -80
Financial Services

Russia's Deputy Prime Minister Alexander Novak stated that the world is experiencing the worst energy crisis in the last 40 years, exacerbated by ongoing conflicts in the Middle East. He noted that these conflicts are currently impacting at least 20 million barrels of oil per day. This situation could have significant implications for global oil markets and prices.

AI summary, not financial advice

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