Russia is ready to cut its oil output by 7% early next year to hit back at the EU-led price cap, Moscow says
Russia could reduce its daily oil output by as much as 7% early in the new year, in response to the US and its allies capping its crude prices, the country's deputy prime minister said Friday.
Novak, who negotiates with the OPEC group of major oil producers on Russia's behalf, described the cuts as"insignificant", but still a potential squeeze on global crude supplies. The European Union and the G7 group of countries – the US, Canada, France, Germany, Italy, Japan and the UK –Refiners, traders, and financers won't be allowed to handle Russian oil unless it was priced below that level, while tankers will be denied insurance unless they trade Russian crude at or under $60 a barrel.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Dodgers’ Trevor Bauer reinstated by MLB’s independent arbitratorBauer will miss the first 50 games on 2023 but could return in 2023.
Les mer »
Russia wants to start buying yuan in currency market in 2023: reportRussia reportedly wants to further cut its dependence on the US dollar by buying up Chinese yuan on the currency market
Les mer »
Russia Promises More Disasters and Dead Bodies in 2023Moscow says it will bulk up its military as it doubles down on demented war plans.
Les mer »
2023 predictions: Southern California median home price to slide 10%Stagflation will be public enemy number one. Mortgage rates will flatline from Q1-Q3, dropping substantially in Q4
Les mer »
Forwards now price 30bp of tightening by BOJ in 2023 – Societe GeneraleReviewing the final full trading week of 2022, Societe Generale analysts noted that forward markets are pricing in 30 basis points rate hikes by the B
Les mer »
Texas lands star-studded 2023 signing classArch Manning, the nephew of Peyton and Eli, comes to Austin with a lot of hype. Will he live up to it?
Les mer »