There is no concrete result from the Western countries’ setting ceiling prices for oil from Russia. Saudi Energy Minister Prince Abdulaziz bin Salman said: transmits Taqa portal.
“As for the Russian Federation oil ceiling, which came into effect on December 5, this measure has not yet had a clear result. The minister also said that there is no certainty that this will be implemented.
According to him, when evaluating the situation in the world oil market, it is also useful to consider how Russia reacted to the imposed sanctions.
He added that the measures taken were only taken for political purposes and it is not yet clear how they will be implemented in the future. At the same time, oil markets in 2023 will continue to be affected by the anti-COVID-19 measures currently in place in China.
Earlier on Sunday, Saudi Energy Minister Prince Abdulaziz bin Salman declarationHe said that the events in the world showed that the OPEC alliance’s decision to cut production by 2 million barrels per day was correct.
Before that, Bloomberg reported that the oil price ceiling set by the European Union countries, G7 countries and Australia was not enough to significantly reduce Russia’s revenues. The publication pointed out that the ceiling set at $60 per barrel has become quite generous for Russia and this figure is close to market prices.
Source: Gazeta
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