Record Profit for Russia as Oil Price Exceeds $60 Limit Set by G-7

Record Profit for Russia as Oil Price Exceeds $60 Limit Set by G-7

Russian oil exceeded the $60 price limitset by the G-7 countries, and last month its price exceeded 64 dollars per barrel. Thanks to this, Russia received a record profit for 8 months from the export of oil – 15.3 billion dollars. This was reported by the “Bloomberg” agency. “The price of seaborne deliveries of Russian … Read more

“Oil Prices Rise Amid Fading US Debt Default Fears and Caution Over Inflation”

Oil prices are on the rise as fears of a debt default by Washington fade, a rise accompanied by caution resulting from inflation not falling as quickly as required. Oil prices are rising as fears of America’s debt repayment fade away International oil prices rose during trading today, Friday, after declining by more than 1% … Read more

India’s Position in the Russia-Ukraine Conflict and China-Pakistan Partnership: A ‘Geopolitical Jalebi’. Is Non-Alignment 2.0 the Solution?

Amid the ongoing geopolitical turmoil between Russia and Ukraine, and China’s growing nexus with Pakistan, India finds itself in a precarious position. With a complex web of alliances and relationships to navigate, India’s foreign policy strategy is closely watched by regional and global players. This article dives into the concept of “Geopolitical Jalebi” as a … Read more

Russian Minister Complains to Luhut, What’s Up?

Jakarta – Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has met the Russian economy minister. During the meeting, Luhut questioned the offer to buy oil given to Indonesia. Luhut admitted that he had gone to Russia to process oil purchases from that country. “I came from the minister of economy from Russia, … Read more

When Luhut is Upset with Russia, What’s Up?

Jakarta, CNBC Indonesia – The Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan expressed his frustration with the planned purchase of crude oil from Russia. The reason is, until now this plan has never been realized. He said this during a meeting with the Minister of Economy of Russia. Luhut was … Read more

The tightening on Russian oil prices has reached its target – the US Treasury

Although the price cap has been in place for about a month, he said, “early progress on both of these targets is already evident, and senior Russian officials have acknowledged that the price cap is cutting back Russia’s energy revenues.” In a meeting with Canadian Finance Minister Chrystia Freeland, Yellen said energy markets remain “well … Read more

Putin issues decree, Russia stops oil exports for 5 months

Jakarta, CNBC Indonesia – On Tuesday (27/12/2022) President Vladimir Putin provided Russia’s long-awaited response to the oil price cap set by Western countries. Reported by ReutersPutin signed a decree banning the supply of crude oil and petroleum products from February 1 for 5 months to countries that comply with the restrictions. The G7 group, the … Read more

Putin issued the decree with countermeasures to the oil price ceiling

Russian President Vladimir Putin has signed a decree to counter the Western-imposed cap on Russian oil prices. The decree banned deliveries from February to buyers who had adhered to the restrictions. The document was released on Tuesday, the TASS news agency reported. The supply of Russian oil and petroleum products to foreign legal entities and … Read more

Putin decides to ban the supply of petroleum products to any country that has set a ceiling on Russian oil prices

Signed by the Russian president Vladimir Putin A presidential decree, on special measures against the background of the imposition of a ceiling on Russian oil prices by a number of countries, according to which it is forbidden to supply oil and petroleum products from Russia. And according to the decree of the head of state, … Read more

Oil stabilizes as US production ramps up and Covid restrictions ease in China

Brent crude rose 41 cents, or 0.5%, to $84.33 a barrel, while US West Texas Intermediate crude fell three cents, to $79.53 a barrel. Both benchmarks hit their highest levels since December 5 at the start of the session Oil prices stabilized after hitting a three-week high on Tuesday as the restart of some US … Read more