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Tag: OPEC+

Russia Will Not Go Along With Oil Price Cap, Kremlin Confirms

Tristan Vanheuckelom December 5, 2022

Spokesman Dmitry Peskov said that Moscow had prepared for this price cap—a controversial, and according to some experts, ineffectual mechanism that would ‘force’ Russia to sell its oil for less than current market value. 

OPEC+ Announces Cutting Oil Production by 2 Million Barrels a Day

David Boos October 9, 2022

In a move that left the White House “disappointed,” OPEC+ announced a cut of its oil production by 2 million barrels a day, which amounts to 2% of global oil production. The political and economical fallout may have far-reaching consequences.

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Issue 25, Winter 2023

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