Restrictions on Russian oil prices are planned to be introduced in early December. Officially, the price level has not yet been called.
G7 countries aim to limit Russian oil prices in the region of $40-60 per barrel, Reuters wrote citing experts on Monday, September 12.
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Analysts say the upper end of this range is in line with historical Russian oil prices, while the lower end is closer to Russia’s marginal cost of production.
Rapidan Energy Group President Bob McNally noted that G7 countries with long economic and military ties to Russia may be supporters of the upper limit, in addition, too low an upper limit for Russian oil prices may remove Saudi Arabia and other oil. market share exporters. .
“The level (of the limit) will be determined by both quantitative and qualitative factors,” he said.
Note that the Russian Federation has threatened not to supply oil to some countries in the event of a price cap.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.