Two tankers were heading to Russia on Monday expecting to be filled with Russian crude as a price cap on its oil exports from a coalition of Western countries went into affect., aiming to limit Moscow's revenues and curb its ability to finance its invasion of Ukraine.
But while Russia is moving forward on its vow to not sell its oil to countries that implement the price cap, it is not being deterred in finding buyers for its oil. The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it has to be sold for less than the price cap.
Jacques Rousseau, managing director of global oil and gas at ClearView Energy Partners, told CNBC there is a disconnect between the U.S. Energy Information Administration and OPEC Russian oil production forecasts. "This is likely due to supply issues and the start of the European winter, " William said. "There was a drop in exports due to the start of the Russia-Ukraine conflict, which also coincided with the European transition into spring."
FAKE NEWS
So now that we’ve told Russia what we’re going to pay them for their oil, and they’ve told us to get bent, we get to watch them sell their oil to India and China at market prices?
Freedom lovers Lobby your congressperson switch from Venezuela to Guyana for crude and drive down the price of oil with an ally. Guyana is Light Sweet Crude the easiest to refine. tt:tedcruz RepStefanik AOC lizpeek berthacoombs
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Russia threatens oil cut off after rejecting Western-set price capRussia is threatening to stop supplying Western allies of Ukraine with oil after rejecting a proposed price cap of $60 per barrel. Is anyone surprised? They can freely sell their oil to India and China, why would they let their customer set an arbitrary price cap on a commodity it desperately needs?
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Russia rejects Western price cap for oil exportsSpeaking to a Russian TV station on Sunday, accusing the Western countries of violating the rules of the World Trade Organization, Russian Deputy Prim
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Russia will not export oil subject to Western price cap, deputy prime minister saysThe move by the West to prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude above the cap, is an attempt to punish Putin for the Ukraine conflict. great response. perfect way to handle capitalism leaders Winter weaponization Logique il fallait s y attendre Bref,faudra s acheter une bouillotte en Europe 🥶🥶🥶🥶
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Live blog: Zelenskyy says Western price cap on Russian oil 'not serious'Ukraine says level of price cap on Russia oil isn't serious, and US expects reduced tempo in fighting to continue for months as conflict rolls into its 284th day Follow our live coverage:👇 Ukraine’s private energy company DTEK imposes blackouts in the capital Kiev, as well as the Odesa and Dnipropetrovsk regions as Russian strikes continue Follow our live coverage: 👇
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G7 price cap on Russian oil kicks in, Russia will only sell at market priceThe G7 price cap on Russian seaborne oil came into force as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production Clown7 Which is even better دخل سقف أسعار مجموعة_السبع على النفط_الروسي عند 60 دولارا للبرميل المنقول بحراً حيز التنفيذ في فيما يحاول الغرب الحد من قدرة موسكو على تمويل حربها في أوكرانيا ، لكن روسيا قالت إنها لن تلتزم بالإجراء حتى لو اضطرت إلى خفض الإنتاج.
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OPEC+ Gathers to Decide Output, With Russia Oil-Price Cap LoomingDelegates and analysts said members of the group have been discussing three scenarios—keeping production the same, cutting output a little or even raising levels. Biden should try another fist bump. Maybe that will help? 😂 Collusion to affect prices. Normally that would be against US law Time to corner OPEC. Oil cartel must die.
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