TOKYO -- The Ukraine war has sent crude oil prices soaring to their highest in 14 years, reflecting how no producer can easily replace Russian output.
OPEC sticks to gradual output increase while U.S. shale hardly moves

Oil prices touched $130 a barrel on Monday for the first time since 2008. © Reuters
TOKYO -- The Ukraine war has sent crude oil prices soaring to their highest in 14 years, reflecting how no producer can easily replace Russian output.