(Bloomberg Opinion) In oil markets, the U.S. Strategic Petroleum Reserve has a reputation a little like the one the Russian armed forces used to have vast and fearsome, a rival you’d be unwise to tangle with.
(Bloomberg Opinion) On Friday, Germany announced plans to switch away from Russian oil. It’s a laudable goal, but the logistics of doing so present an immense hurdle.
With (almost) no oil production of its own, Germany depends on imports.