The title and brief interview is rather self-explanatory. The interview starts after a brief intro, after 30 seconds.
Thanks to Daniel Winters, German national broadcaster Deutsche Welle’s (DW.de) English language Business News host for this invitation. We spoke, in Berlin, only a few hours after the cap was announced in Moscow.
Posted in Oil prices, Russia, Sanctions, Ukraine, Uncategorized
Tagged oil price cap, Russia, Ukraine
Al Jazeera asked for an online commentary within an hour of Putin’s announcement. These were my initial thoughts.
I also spoke to AJ Arabic, and a couple hours later, on Germany’s Deutsche Welle’s English language service elaborated on these points (see video, next blog post).
The question is where will the EU-USA-g7 western alliance go from here. If they stepwise lower the cap, and also work hard to get new oil online (from OPEC and the USA), they can gradually keep lowering Russia’s market share. However, as I indicated, the coming recession – esp. in Europe – and the uncertainties of Chinese demand as it exits COVID shutdowns in early 2023, complicate calculations of whether the globala oil market will be short or long on supplies and if the price will spike or not. I said this will be “a chess game.”
Comments are most welcomed. Tom O’D.
Posted in Putin, Russia, Uncategorized
Tagged oil price cap, Russia, Sanctions, Ukraine war
FIRST: Here’s my AM Al Jazeera-ENGLISH), today 05Dec22. [About 30s. at start is lost]
SECOND: Here is my ENGLISH AUDIO of my AM AL Jazeera-Arabic interview
Posted in Euroepen Union, Global Oil Market, Oil Crisis, oil price war, Oil prices, Russia, Uncategorized
Tagged al jazeera, oil price, oil price cap, russian sanctions
FIRST: Al Jazeera, 10:05 AM, 02.12.22 CET, Berlin & Doha: — English audio below, then Arabic video.
SECOND: Asharq (exclusive Bloomberg affiliate, Gulf) , about 10:00 PM, 02.12.22 CET, Berlin & Doha — English Audio below, then Arabic video.
Posted in Asharq, Energy crisis, Euroepen Union, oil price war, Uncategorized
Tagged Asharq, Energy, EU, European Union, oil price, oil price cap, Russia, Ukraine
This interview (Arabic video; English audio above) was recorded the evening of 29nov22 as the EU struggled over how low to set the price cap.
Soon, it will be agreed, and will gradually become devastating for Russia.
As new non-Russian oil resources are developed (e.g., in Guyana, Suriname, UAE, Iraqi and other fields) and/or oil fields come back online (e.g., Venezuela, Libya, …), the EU and G7 will feel confident to further lower the price further and further below the price of Brent and WTI crude.
Continue readingPosted in AlJazeera, Oil prices, Russia, Sanctions, Uncategorized
Tagged EU, EU sanctions, oil price, oil price cap, oil rice war, russian sanctions, USA
The Global Barrel 