My DW live: Germany & EU can cut Russian oil now: West has strategic reserves; USA, UAE & Saudi ouputs will rise; Russia will reroute sales at big discounts to India & China. Price would spike, then sink on oversupply & Putin’s revenues crash

My live interview with Daniel Winter of Deutsche Welle News, 22:15 CET in Berlin, 15.03.2022

Daniel’s questions were:

  • Why the discrepancy in oil and petrol prices in Europe. Is it merely a delay from pipe to pump… or are petrol companies taking profit?
  • The UK prime minister went to Saudi Arabia to argue for them to pump more oil. How likely is that, considering oil producing nations profit greatly when prices are high?
  • Already the oil price has gone back below 100 dollars a barrel, despite the ongoing war on Ukraine which fuelled a price spike recently. What’s causing the price drop and how likely is it to stabilise or even head lower?
  • The European Commission claims the EU can cut imports of Russian gas by TWO THIRDS by the end of the year. Is this realistic?

One response to “My DW live: Germany & EU can cut Russian oil now: West has strategic reserves; USA, UAE & Saudi ouputs will rise; Russia will reroute sales at big discounts to India & China. Price would spike, then sink on oversupply & Putin’s revenues crash

  1. Pingback: Signs of the Times – “Distress of nations …” – Belgian Ecclesia Brussel – Leuven

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