OPEC sticks with supply cuts as West tightens sanctions on Russian oil
London CNN Business — OPEC and its allies decided Sunday to stick with their existing policy of curtailing oil output, just hours before new Western sanctions on Russian crude exports come into force. The Organization of the Petroleum Exporting Countries, and other major oil producers including Russia, said they would continue to restrict supply by …
The post OPEC sticks with supply cuts as West tightens sanctions on Russian oil appeared first on Egypt Independent.
Egypt Independent
December 5, 2022
The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalise a price cap on Russian oil later this month, rather than adopting … Continued
Australia will support the G7 countries’ plan to cap the price on Russian oil imports in a bid to restrict its ability to fund its invasion of Ukraine. Treasurer Jim … Continued
