OilPrice: Russia can turn oil price ceiling in its favor and increase revenues 22:15

The member states of the G7 alliance and the European Union (EU) imposing restrictions on oil prices from Russia will not deprive the country of raw material revenues, but on the contrary will increase it. such an opinion expression Oil Price portal columnist Irina Slav.

He recalled that they continued to argue about the ceiling level within the EU. Poland and the Baltic countries insist on a price as close as possible to the cost of production – about $ 30 per barrel, the remaining countries supported the bar at $ 60 per barrel.

According to Slav, it is inappropriate to promote the bar around $65, since this price is comparable to the current cost of Russian oil. The observer stressed that the measure in this case will not have a significant impact on Moscow.

“Analysts agree that price caps are a pretty toothless measure,” he added.

Wally Adeyemo, Deputy Assistant Secretary of the Treasury of the United States, on Dec. declarationThe ceiling price for Russian oil will start at $60 per barrel and may change in the future.

Until then, Adeyemo aforementionedThe EU will be able to agree on a final price cap for Russian oil before 5 December, despite Poland’s objections.



Source: Gazeta

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