Highly unlikely. The only scenario where I see this happening is in case of an European ban from Russia Oli.
I think you are talking about gas and not oil? Europe imports about less than 3 million barrels per day from Russian crude
[1], this amount can be compensated by Iranian oil or even allow Venezuela to export oil, also that 3 million barrels out of a total of total 70 million barrels per day will not lead prices to rise from 100 USD to 300 USD.
Do not forget that these prices may be encouraging for shale oil.
With regard to gas, the story is completely different, as is the cost of liquefied gas, establishing stations to receive that gas, and the cost of the story may easily multiply prices several times.
[1]
The European Union is divided on banning Russian oil imports—and rightly so, because its 27 members buy a quarter of their oil and more 40% of their gas from Russia.