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: shipping insurance
The Real US Agenda in Africa is Hegemony
Forget development. Washington’s primary interest in Africa today is keeping the Chinese and Russians out.
The Real US Agenda in Africa is Hegemony
US, Allies Agree To Implement Russian Oil Price Cap Plan
US, Allies Agree To Implement Russian Oil Price Cap Plan
If Russia responds to the attempted price cap by cutting oil production [they already have], experts have warned prices could skyrocket. In the worst-case scenario, analysts at JPMorgan Chase said oil could shoot up to a “stratospheric” $380 per barrel. Oil prices are currently hovering around $100 per barrel.
How do higher oil prices prevent a worldwide recession?! Did the Biden Administration even think this through?! 🤯
Why The West Is Easing Its Sanctions On Russia
While the EU remains determined to punish Russia for its invasion of Ukraine, a shortage of energy and food is forcing the group to ease sanctions.
Why The West Is Easing Its Sanctions On Russia
Ms. Cat’s Chronicles 