After two weeks of silence in detailing how it would react to the G7 oil price cap, overnight the Kremlin raised the stakes for the west when state-run Tass news service quoted Deputy Prime Minister Alexander Novak as saying that Russia may reduce output by 500,000 to 700,000 barrels a day in response to the cap.
Oil Prices Jump After Russia Says It May Cut Production
Tag: Alexander Novak
U.S. Officials Had a Secret Oil Deal With the Saudis. Or So They Thought.
After Saudi leaders pushed to slash oil production despite a visit by President Biden, administration officials have been left fuming that they were duped.
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“I keep listening to, ‘Are you with us or against us?’ Is there any room for, ‘We are for Saudi Arabia and the people of Saudi Arabia’?” he said. “We will have to deliver our ambitions.”
U.S. Officials Had a Secret Oil Deal With the Saudis. Or So They Thought.
Russia Claims Natural Gas Could Still Flow Through Nord Stream 2
Russia could restart the supply of natural gas to Germany and its neighbors via an undamaged section of the Nord Stream 2 pipeline, Deputy Prime Minister Alexander Novak told Russian media.
Russia Claims Natural Gas Could Still Flow Through Nord Stream 2
Assad renews Syria’s bonds with Iran
The unannounced arrival of the Syrian President Bashar al-Assad to Tehran on Sunday makes yet another wrinkle to the geopolitics of West Asia. In a short trip of a few hours, Assad had meetings with Iran’s Supreme Leader Ali Khamenei and President Ebrahim Raeisi and returned to Damascus.
Assad renews Syria’s bonds with Iran
OPEC chief says there’s ‘no capacity in the world’ that could replace Russia’s 7 million barrels a day in oil supply + More
OPEC chief says there’s ‘no capacity in the world’ that could replace Russia’s 7 million barrels a day in oil supply (Archived)
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But the strategists noted that the status of the United States as an energy independent country – meaning it produces as much energy as it consumes – could mitigate the impact of this. US-listed oil stocks Exxon Mobil and Chevron were both up by just under 1% Monday.
Ms. Cat’s Chronicles 