Russian Federation Deputy Prime Minister Alexander Novak said that Russia will extend the voluntary cut in oil production from the average production in February to 500,000 barrels per day until the end of 2023. area cabinet.
The statement notes that predictability in the global oil market is “a key element in ensuring energy security.”
Former Representative of the European Commission declarationThe European Union countries and the Group of Seven (G7) have not yet agreed to change the ceiling of oil prices in Russia.
According to him, there was neither the required number of votes nor a majority.
On December 5, 2022, an agreement between the European Union, the G7 countries (England, Germany, Italy, Canada, France, Japan and the United States) and Australia on a ceiling price of Russian oil of US$ 60 per barrel entered into force. .
As of February 5, 2023, the price limit for Russian petroleum products (for example, diesel and kerosene) sold at a higher price than crude oil has been set at $100 per barrel.