Tag Archives: russian sanctions

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.