Xi Jinping visits Saudi Arabia

Xi Jinping, visits Saudi Arabia. China’s President Xi Jinping met with Saudi Arabia’s leaders on December 8. Xi’s visit to Saudi Arabia has been understood as an attempt to increase China’s influence in the region. White House National Security Council spokesman John Kirby criticized the visit. stating that a more influential China in the region … Read more

Western Turkey talks about delaying oil tankers – Alittihad newspaper

Western Turkish Talks About Slowing Down Oil TankersAlittihad Newspaper Al Ittihad Newspaper A Russian insurance company puts an end to the accumulation of oil tankers in Turkish watersArabic Ankara requires “insurance” for oil tankers to cross the Bosphorus and DardanellesMiddle East newspaper Reuters: Russian oil tankers are more delayed crossing the MediterraneanAl Masry Al Youm … Read more

Russia faces economic pain and isolation in 2023

The Russian invasion of Ukraine plunged Europe into the biggest land war since World War II. As Putin pays to continue his campaign, managing its fallout at home and abroad is likely to become increasingly difficult. This is reported by Olivia Zollino.

Russia-Ukraine war: G7 Russian oil price cap begins

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Russia to ban oil sales below price cap, Kremlin says – POLITICO

Moscow will ban domestic companies from selling Russian oil below a price cap and is ready to scale back production to make up for lost exports, Russian Deputy Prime Minister Alexander Novak said on Sunday, according to Russia’s TASS news agency. The comments come a day before an EU embargo on Russian oil by sea … Read more

Moscow reacts to Russian oil price ceiling: ‘We are not going to sell’

Novak said in press statements that Russia is working to set up mechanisms to ban supplies subject to a price cap. The Russian position comes as the West is betting on caps on the price of Russian oil in an attempt to deprive Moscow of the financial resources it gains from selling oil. The United … Read more

Zelenskyy calls price cap on Russian oil ‘weak’ – POLITICO

Ukrainian President Volodymyr Zelensky said the decision to impose a $60 price cap on Russian marine oil cannot be called a “serious decision” as that level is “quite comfortable” for the Russian budget. The EU on Friday agreed a cap on Russia’s oil price of $60 a barrel, following days of debate over how hard … Read more

War in Ukraine: Zelensky urges tougher Western pressure on Russian oil prices – National

Ukrainian President Volodymyr Zelenskyy’s office on Saturday called for a lower price cap for Russian oil than agreed upon by Ukraine’s Western supporters, while Russian authorities called the $60 per barrel limit harmful to free, stable markets. Andriy Yermak, the head of Zelenskyy’s office, wrote on social media that the price cap set by the … Read more

Russia vows to sell oil despite price cap by the West

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G-7 joins EU with $60 per barrel price cap on Russian oil

WASHINGTON (AP) — The Group of Seven Nations and Australia joined the European Union on Friday by adopting a $60 per barrel price cap on Russian oil, an important step as Western sanctions aim to realign the world oil market to avoid price spikes and starving President Vladimir Putin of funding for his war in … Read more