Monday, September 5, 2022

OPEC+ agrees on oil output cut — MK. Bhadrakumar

The message is loud and clear: Saudi Arabia and Russia who form the axis of the OPEC+ are closely coordinating on shaping the world oil market even as they could be competing for market share....

Bad news for the West. 

India Punchline
OPEC+ agrees on oil output cut
MK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.

See also
The chances of a G7 price cap on Russian oil being remotely effective are perhaps best summed up by a recent tweet from a Bloomberg energy and commodities columnist: “My friends and I have agreed to impose a price cap on our local pub's beer. Mind we actually do not plan to drink any beer there. The pub's owner says he won't sell beer to anyone observing the cap, so other patrons, who drink a lot there, say they aren't joining the cap. Success.”
OilpriceWhy The Russian Oil Price Cap Won’t Work
Irina Slav

Russia To Help Iran In Developing Crucial Gas Reserves
Simon Watkins


TASS (Russian state media)
Russia able to adapt to EU oil embargo — Energy Minister

Russia finds way to avoid risk of insurance sanctions — Energy Minister

Russia to redirect energy resources to Middle East and Africa — Energy Minister

Russia to keep gas production volumes — Energy Minister

Gazprom discussing accelerated redirection of gas supplies eastward — Energy Minister

Russia to expand Kozmino oil port capacity by 7 mln tonnes — Energy Minister (Kozmino is in the Far East)

Russia to boost electricity export to China — Energy Minister

Sberbank sees growth of national currency payments between Russia and India — Deputy CEO

Sputnik International (Russian state-sponsored media)
Russia's Sberbank Plans to Open Office in India's Mumbai in 2023 - Deputy Head (Sberbank is state-owned.)

1 comment:

Matt Franko said...

Start bombing tomorrow…