Abstract
This paper presents a methodology that integrates data and policy analysis to investigate the dependency of countries on Russian crude oil and the extent of Russia's energy power. Specifically, the study examines the global crude oil market and international policies, identifies the relationship between crude oil market demand and supply, and assesses the impact of national energy policies on this relationship. The research also investigates the dependence of major crude oil exporters on Russian oil. By combining these indicators, the paper concludes that while China and Europe are reliant on Russian crude oil in terms of market performance, they are not entirely dependent on it from a policy perspective. Hence, other policy factors diminish Russia's energy power.
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