Kazakhstan Energy Minister Bolat Akçulakov accepted the increase in oil prices due to the European Union’s ceiling on Russian fuel prices. About informs The newspaper “Izvestia”.
“When a certain volume of oil comes out of the market, they try to replace it with other sources. Other countries are increasing production. “Prices have traditionally been rising with a sharp drop and a large amount of oil leaving the market,” he said.
In Thursday’s trading, the price of one barrel of Brent oil went down It’s under $82. On December 27, oil prices rose against the backdrop of the news of Russia’s reaction to the oil price ceiling.
Former ambassadors of 27 EU countries accept The size of the price cap for Russian oil supplied by sea will be $60 per barrel. The limit will be adjustable. There is an option to change the ceiling price to keep the limit 5% below the market value.
Russian Deputy Prime Minister Alexander Novak said that oil prices are unacceptable in terms of ceiling contracts. According to him, Russia will not supply oil to countries participating in such a restriction, even if exports are profitable. At the same time, Novak is confident that imposing a maximum price for oil transported by tankers carries significant risks.