Saudi Arabia’s oil company Saudi Aramco raised its November oil prices for the United States of America. About it Bloomberg reports on Thursday, October 6th.
The company raised prices for medium and heavy grades for Asia by 25 cents a barrel compared to the previous month and lowered for ultra-light grades by 10 cents. Selling prices for the Mediterranean and Northwest Europe have been reduced.
At the same time, Saudi Aramco raised prices for the United States by 20 cents, writes REGNUM.
OPEC+ countries decided to cut oil production by 2 million barrels per day at a meeting of the ministerial monitoring committee on October 5. According to Deputy Prime Minister of the Russian Federation Alexander Novak, based on this, in 2022 Russia will produce about 530 million tons of oil and gas condensate, in 2023 – 490 million tons.
The White House said that US President Joe Biden was disappointed by the “short-sighted” decision of OPEC + to cut oil production, he intends to support the market with additional commodity interventions from strategic reserves, reports RT.
The next day it became known that the European Union adopted the eighth package of anti-Russian sanctions, which includes a ban on the transportation of oil from Russia by sea at a price higher than the established limit from December 5, oil products – from February 5, 2023, writes “reedus“.
On the same day, the press secretary of the President of the Russian Federation Dmitry Peskov said that the OPEC + decision to reduce oil production from November is aimed at stabilizing the oil market.
On September 7, Russian President Vladimir Putin stressed that in the event of restrictions on energy prices from the Russian Federation, the West is threatened with a complete halt in supplies from the country.
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