In this context, says the economic consultant and expert in oil sectors And energy, Amer Al-Shobaki, in an interview with the site "Sky News Arabia":
- Russia, as expected, rejects the European price of its oil, as the transport of oil by sea is basically prohibited and only the oil transported through the Northern and Southern Drogba pipeline remains. Europe imports 97% of its needs of oil, a quarter of which comes from Russia, which is a high percentage, given that out of 4 barrels of oil imported there is a barrel of Russian oil, in addition to half Russia’s oil exports Crude goes to Europe, separate from petroleum derivatives.
- The repercussions on Eurozone economies will therefore be negative and will include additional costs for transporting oil to Europe, as Russian oil was easy to move in times and shipments and was less expensive, ranging from Black Sea Andbaltic sea With regard to European countries, the alternatives undoubtedly involve much higher costs than the purchase of Russian oil.
- European shipping companies Most are in Greece, Malta and Cyprus, and insurance companies, 90 percent of which are in Britain, often cut their revenues after the Russians relied on a shadow fleet that carried most of them. of their oil exports from India, China and even local ones, despite the fact that there are observations about the quality of this fleet and its compliance with standards.
- consequences of my decision D-7 The European Union will become more defined and clearer as Russia’s reaction to them crystallizes, as Moscow could take a retaliatory step by reducing its production and stopping the sale of its oil to countries that set a maximum price for it.
- Russia is likely to take another retaliatory step by shutting down gas pumping to Europe completely, as Russian gas continues to flow to Europe via Ukraine and the TurkStream pipeline and supplies 7.5% of the countries’ needs. European Union of gas, on which it depends to get through the winter, and such a step will put Europeans in a very critical position, as the bitter cold season is still in its infancy and will last for months into spring next year.
The G7 countries and Australia agreed on Friday to set a ceiling price for a barrel of Russian seaborne crude oil at $60, in a move aimed at depriving Moscow of high revenues while preserving Russian oil flow to global markets.
Location of Kiev
Said the Ukrainian president Volodymyr ZelenskyOn Saturday, setting the G7 countries and Australia as the price ceiling for Russian seaborne oil at $60 is not a serious decision and will do little to dissuade Russia from its war in Ukraine.
The European Union has agreed on a maximum price per barrel Russian oil Transported by sea, after all countries in the bloc agreed to the decision, which Russia warned it could push to prevent the export of oil to any country that agrees.
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Economists see it Russian oil price ceilingIt will contribute to the destabilization of global energy markets and negatively affect not only the Russian economy, but especially the economies of the Eurozone, since Russia is, according to their understanding, a producer and not a consumer of black gold.
In this context, says the economic consultant and expert in oil sectors And energy, Amer Al-Shobaki, in an interview with “Sky News Arabia”:
- Russia, as expected, rejects the European price of its oil, as the transport of oil by sea is basically prohibited and only the oil transported through the Northern and Southern Drogba pipeline remains. Europe imports 97% of its needs of oil, a quarter of which comes from Russia, which is a high percentage, given that out of 4 barrels of oil imported there is a barrel of Russian oil, in addition to half Russia’s oil exports Crude goes to Europe, separate from petroleum derivatives.
- The repercussions on Eurozone economies will therefore be negative and will include additional costs for transporting oil to Europe, as Russian oil was easy to move in times and shipments and was less expensive, ranging from Black Sea Andbaltic sea With regard to European countries, the alternatives undoubtedly involve much higher costs than the purchase of Russian oil.
- European shipping companies Most are in Greece, Malta and Cyprus, and insurance companies, 90 percent of which are in Britain, often cut their revenues after the Russians relied on a shadow fleet that carried most of the their oil exports from India, China and even local ones, despite the fact that there are observations about the quality of this fleet and its compliance with standards.
- consequences of my decision D-7 The European Union will become more defined and clearer as Russia’s reaction to them crystallizes, as Moscow could take a retaliatory step by reducing its production and stopping the sale of its oil to countries that set a maximum price for it.
- Russia is likely to take another retaliatory step by shutting down gas pumping to Europe completely, as Russian gas continues to flow to Europe via Ukraine and the TurkStream pipeline and supplies 7.5% of the countries’ needs. European Union of gas, on which it depends to get through the winter, and such a step will put Europeans in a very critical position, as the bitter cold season is still in its infancy and will continue for months into spring next year.
The G7 countries and Australia agreed on Friday to set a ceiling price for a barrel of Russian seaborne crude oil at $60, in a move aimed at depriving Moscow of high revenues while preserving Russian oil flow to global markets.
Location of Kiev
said the Ukrainian president Volodymyr ZelenskyOn Saturday, setting the G7 countries and Australia as the price ceiling for Russian seaborne oil at $60 is not a serious decision and will do little to dissuade Russia from its war in Ukraine.
The European Union has agreed on a maximum price per barrel Russian oil Transported by sea, after all countries in the bloc agreed to the decision, which Russia warned it could push to prevent the export of oil to any country that agrees.
