FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Putin Sees No Losses For Russia With Oil Price Cap

OIL

The G7/EU oil price cap won’t lead to losses for Russia, as price cap prices are in line with current prices for Russian oil, Russia’s President Vladimir Putin said.

  • The decree on Russia’s oil price cap in response to the EU/G7 oil price cap will be announced in a few days.
  • Russia considers cutting its crude oil output as part of oil price cap response.
  • The country has been increasing crude oil output in Nov but production remained below OPEC+ targets.
  • The government also welcomes India’s plan to not stick to the oil price cap, Deputy Prime Minister Alexander Novak said.
  • Russia’s president repeatedly said Russia won’t sell to countries participating in the G7/EU oil price cap.
    • Brent FEB 23 up 1.3% at 77.16$/bbl
    • WTI JAN 23 up 1.7% at 72.68$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.