Tag: russian oil price cap

Russia May Implement Oil Output Cut of Up to 700,000 Barrels per Day

December 23, 2022
Business & MarketseconomyenergyEuropeeuropean sanctions on russiaGold and CommoditiesMarketsoil outputRussian oilrussian oil price capRussian Oil TradeWorld
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Russia’s Deputy Prime Minister Alexander Novak has revealed a possible cutting down of oil output by around 500,000–700,000 barrels per day, early next year as a retaliatory response to price caps imposed by G7 nations on Russian crude exports. While speaking to the local Rossiya-24 TV channel, the deputy prime minister said the reduction by…

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Trump-Era Treasury Secretary Calls G7 Russian Oil Price Cap ‘Ridiculous’

November 19, 2022
Business & Marketseconomic policieseconomyenergyEuropeGold and CommoditiesMarketsNational SecurityPolicies & ImpactsRussiaRussia-Ukraine Warrussian oil price capUKUkraineUSWorld
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Former U.S. Treasury Secretary Steven Mnuchin has called the Group of Seven’s plan to place a price cap on Russian oil “ridiculous.” The veteran cabinet member from the Trump administration was speaking with CNBC’s Hadley Gamble on a panel at the Milken Institute’s Middle East and Africa Summit. In addition to being a former Goldman Sachs…

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