Economics

New Plan: Russia invented how to use oil for blackmail Europe

This solution will lead to an increase in oil prices on the market. In Russia, they decided to blackmail Europe again with their energy resources. Now, in response to a possible restriction of oil prices from the European Union, the Kremlin is threatened to reduce the production of black gold by 3 million barrels per day. About it writes Bloomberg. According to journalists, Viceremier of the Russian Federation Alexander Novak has already stated about the reduction of oil production.

This solution will lead to an increase in oil prices on the market. According to the newspaper, the President of the Consulting company Rapidan Energy Group suggested that Russia can reduce oil production to several million barrels a day without harming its oil fields. At the same time, it is noted that reducing oil production is not the only option to answer prices.

Bloomberg refers to the former representative of the State Department of David Goldwin, who is convinced that Russia, for example, may stop exporting the raw oil with the Druzhba Pipeline and the Caspian Pipeline Consortium, so that "in any case it is actually raising prices. " We will remind, after long negotiations and meetings, as Politico writes, the ambassadors of the EU countries still managed to agree on the most important point within new sanctions: limiting prices for Russian oil.

In addition, it is suggested that the OPEC OPEC exporting exporter organization committee has agreed to reduce oil production by 2 million barrels per day. According to CNN channel, OPEC+ members have considered the possibility of reducing production due to the rapid fall in prices, which in recent months have dropped sharply to the level below $ 90 per barrel.