whether Russia will trade such oil with the use of
The $60 upper price limit for Russian oil is comfortable for Russia. However, by and large, Russia is likely to refuse to support cooperation with Europe in the energy sector. Such an opinion in an interview with “Evening Moscow” was expressed by an analyst, an international expert on the resource and energy market Vladimir Demidov.
The processing specialist points out that a stable price ceiling is very important for price control.
– If our oil is sold at $60, then it will be good for Russia. But it is no longer sold at 60 now: if you look at the quotes, it was trading around $52. If earlier the value of the cost of Brent and WTI oil was the ceiling, now the figure of 60 will be the measure,” the analyst explained.
According to the expert, countries that buy from Russia and come with a ceiling will be calculated on oil discounts under the new ceiling. Since this ceiling is lower than before, profits among Russian companies will increase in this case, while profits will fall significantly among VM participants.
The introduction of a price ceiling could put an end to direct oil trade between Russia and the EU, Demidov said.
– I think that Russia will not trade oil with the application on such terms. But this does not mean that Russian oil will not be resold to Turkey, China and India. Why the device introduced this ceiling – I do not know. They have a very strange policy. Most of the connections that are invested in the energy sector are not accessible. Unfortunately, the United States is reaping the benefits of this text – the nuclear threat is guaranteed.
fixture achievement achievement about raising the price of Russian oil by $60 per barrel. This became known on Friday, December 2.