Oil traders are shunning Russian crude. Heres why – CNN

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CNN’s Anna Stewart reports. “},{“title”:”Drivers are crossing state lines to get cheaper gas amid price hikes”,”duration”:”02:30″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/27/gas-price-hike-drivers-businesses-north-carolina-yurkevich-dnt-nr-vpx.cnn/index.xml”,”videoId”:”business/2022/01/27/gas-price-hike-drivers-businesses-north-carolina-yurkevich-dnt-nr-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220127101911-gas-price-hike-yurkevich-dnt-1-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/27/gas-price-hike-drivers-businesses-north-carolina-yurkevich-dnt-nr-vpx.cnn/video/playlists/business-oil-energy/”,”description”:”North Carolina residents are seeing the biggest annual increase in gas prices in seven years, which is hitting drivers and small businesses hard. CNN’s Vanessa Yurkevich speaks with drivers and business owners about the impact on their wallets.”,”descriptionText”:”North Carolina residents are seeing the biggest annual increase in gas prices in seven years, which is hitting drivers and small businesses hard. CNN’s Vanessa Yurkevich speaks with drivers and business owners about the impact on their wallets.”},{“title”:”Rising oil prices put gas prices in the danger zone”,”duration”:”02:56″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/20/oil-gas-prices-gasbuddy-romans.cnnbusiness/index.xml”,”videoId”:”business/2022/01/20/oil-gas-prices-gasbuddy-romans.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220114114616-02-us-inflation-prices-0113-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/20/oil-gas-prices-gasbuddy-romans.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”GasBuddy’s Patrick De Haan says geopolitical concerns could bring instability to oil production which could push the national average of gas to $4 a gallon.”,”descriptionText”:”GasBuddy’s Patrick De Haan says geopolitical concerns could bring instability to oil production which could push the national average of gas to $4 a gallon.”},{“title”:”$100 oil? Citigroup doesn’t think so”,”duration”:”02:09″,”sourceName”:”CNN Business”,”sourceLink”:”http://www.cnn.com/business/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/19/citigroup-ed-morse-oil-prices-goldman-mn.cnn-business/index.xml”,”videoId”:”business/2022/01/19/citigroup-ed-morse-oil-prices-goldman-mn.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211123170827-oil-california-1123-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/19/citigroup-ed-morse-oil-prices-goldman-mn.cnn-business/video/playlists/business-oil-energy/”,”description”:”Citigroup’s Global Head of Commodities Research Ed Morse explains why he believes supply increases will push oil prices down by the fourth quarter.”,”descriptionText”:”Citigroup’s Global Head of Commodities Research Ed Morse explains why he believes supply increases will push oil prices down by the fourth quarter.”},{“title”:”Germany plans to phase out nuclear energy as Britain expands it “,”duration”:”03:48″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/12/13/germany-protest-nuclear-energy-power-britain.cnnbusiness/index.xml”,”videoId”:”business/2021/12/13/germany-protest-nuclear-energy-power-britain.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211215090526-nuclear-power-germany-large-169.jpg”,”videoUrl”:”/videos/business/2021/12/13/germany-protest-nuclear-energy-power-britain.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”Germany is planning to phase out nuclear energy by 2022. If the policy holds, the country would become more dependent on natural gas. Britain, on the other hand, has been expanding its nuclear power production. CNN’s Salma Abdelaziz takes a look at how the climate crisis is giving nuclear energy another chance. “,”descriptionText”:”Germany is planning to phase out nuclear energy by 2022. If the policy holds, the country would become more dependent on natural gas. Britain, on the other hand, has been expanding its nuclear power production. CNN’s Salma Abdelaziz takes a look at how the climate crisis is giving nuclear energy another chance. “},{“title”:”Biden aims to lower gas prices with release of oil reserves”,”duration”:”03:20″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/23/biden-oil-reserves-romans.cnnbusiness/index.xml”,”videoId”:”business/2021/11/23/biden-oil-reserves-romans.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211117114944-us-oil-field-1103-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/23/biden-oil-reserves-romans.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”The Biden administration is teaming up with China, Japan and other countries to release barrels from strategic oil reserves. CNN’s Christine Romans reports.”,”descriptionText”:”The Biden administration is teaming up with China, Japan and other countries to release barrels from strategic oil reserves. CNN’s Christine Romans reports.”},{“title”:”Why the US has a huge stash of emergency oil”,”duration”:”01:36″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/09/16/strategic-petroleum-reserve-oil-us-saudi-lon-orig-na.cnn-business/index.xml”,”videoId”:”business/2019/09/16/strategic-petroleum-reserve-oil-us-saudi-lon-orig-na.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190916194106-strategic-petroleum-reserve-usa-large-169.jpg”,”videoUrl”:”/videos/business/2019/09/16/strategic-petroleum-reserve-oil-us-saudi-lon-orig-na.cnn-business/video/playlists/business-oil-energy/”,”description”:”The Strategic Petroleum Reserve is designed to protect the US economy from big disruptions to the global oil market. Here’s why it’s been used three times since its creation in 1975.”,”descriptionText”:”The Strategic Petroleum Reserve is designed to protect the US economy from big disruptions to the global oil market. Here’s why it’s been used three times since its creation in 1975.”},{“title”:”BP CEO on the API: We don’t agree on everything “,”duration”:”03:57″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/08/bp-ceo-bernard-looney-api-amanpour.cnnbusiness/index.xml”,”videoId”:”business/2021/11/08/bp-ceo-bernard-looney-api-amanpour.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211108130227-bp-ceo-bernard-looney-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/08/bp-ceo-bernard-looney-api-amanpour.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”BP CEO Bernard Looney defends the company’s association with the API, the largest and most powerful oil lobby in the United States. He tells CNN’s Christiane Amanpour: “better [to] be inside and influencing than outside.””,”descriptionText”:”BP CEO Bernard Looney defends the company’s association with the API, the largest and most powerful oil lobby in the United States. He tells CNN’s Christiane Amanpour: “better [to] be inside and influencing than outside.””},{“title”:”How a global energy crisis could affect the US”,”duration”:”03:55″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/28/potential-global-energy-crisis-jake-tapper-lead-dnt-vpx.cnn/index.xml”,”videoId”:”business/2021/10/28/potential-global-energy-crisis-jake-tapper-lead-dnt-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211007033409-04-global-energy-crisis-1004-england-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/28/potential-global-energy-crisis-jake-tapper-lead-dnt-vpx.cnn/video/playlists/business-oil-energy/”,”description”:”CNN’s Jake Tapper looks into how climate change and the pandemic may lead us into a global energy crisis heading into the winter.”,”descriptionText”:”CNN’s Jake Tapper looks into how climate change and the pandemic may lead us into a global energy crisis heading into the winter.”},{“title”:”The future of flight could run on renewables”,”duration”:”03:30″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/25/marketplace-europe-aviation-fuels.cnnbusiness/index.xml”,”videoId”:”business/2021/10/25/marketplace-europe-aviation-fuels.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211025100327-marketplace-europe-aviation-fuels-large-169.jpeg”,”videoUrl”:”/videos/business/2021/10/25/marketplace-europe-aviation-fuels.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”The aviation sector is preparing to ramp up production of Sustainable Aviation Fuels (SAFs) made from cooking oil, clothing, steel production emissions and other renewable sources. “,”descriptionText”:”The aviation sector is preparing to ramp up production of Sustainable Aviation Fuels (SAFs) made from cooking oil, clothing, steel production emissions and other renewable sources. “},{“title”:”The complex world of carbon offsets explained”,”duration”:”04:02″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/23/carbon-offsetting-climate-change-explainer-mxb-lon-orig.cnn/index.xml”,”videoId”:”business/2021/09/23/carbon-offsetting-climate-change-explainer-mxb-lon-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210923171437-carbon-offsets-dv-explainer-2-large-169.jpg”,”videoUrl”:”/videos/business/2021/09/23/carbon-offsetting-climate-change-explainer-mxb-lon-orig.cnn/video/playlists/business-oil-energy/”,”description”:”Carbon offsetting promises a way to rebalance greenhouse gas emissions through reforestation and renewable energy. But can it avert a climate catastrophe or is it actually doing more harm than good? “,”descriptionText”:”Carbon offsetting promises a way to rebalance greenhouse gas emissions through reforestation and renewable energy. But can it avert a climate catastrophe or is it actually doing more harm than good? “},{“title”:”IEA: We need to accelerate clean energy efforts”,”duration”:”04:00″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/14/iea-fatih-birol-clean-energy.cnnbusiness/index.xml”,”videoId”:”business/2021/10/14/iea-fatih-birol-clean-energy.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211014133148-fatih-birol-iea-executive-director-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/14/iea-fatih-birol-clean-energy.cnnbusiness/video/playlists/business-oil-energy/”,”description”:”Fatih Birol, executive director of the International Energy Agency, warns of more turbulence in the energy markets and missing climate goals without more aggressive investments in clean energy,”,”descriptionText”:”Fatih Birol, executive director of the International Energy Agency, warns of more turbulence in the energy markets and missing climate goals without more aggressive investments in clean energy,”},{“title”:”Energy costs rise amid global crunch”,”duration”:”02:07″,”sourceName”:”CNNBusines”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/11/global-energy-crisis-supply-demand.cnnbusines/index.xml”,”videoId”:”business/2021/10/11/global-energy-crisis-supply-demand.cnnbusines”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210928030458-01-china-power-shortage-0927-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/11/global-energy-crisis-supply-demand.cnnbusines/video/playlists/business-oil-energy/”,”description”:”Demand for energy has returned as economies reopen but supply has not been able to keep up. CNN’s Matt Egan breaks down why.”,”descriptionText”:”Demand for energy has returned as economies reopen but supply has not been able to keep up. CNN’s Matt Egan breaks down why.”}],’js-video_headline-featured-xrvpu4′,”,”js-video_source-featured-xrvpu4″,true,true,’business-oil-energy’);if (typeof configObj.context !== ‘string’ || configObj.context.length