OPEC+ Expected to Commit to Production Cuts

• Wednesday, 15th March 2023
• by Israa Ibrahim

In an interview with Energy Intelligence, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said that OPEC+ alliance will abide by last October production-cuts decision until the end of the year, Reuter...

G7 to Assess Level of Price Cap on Russian Oil in March

• Sunday, 22nd January 2023
• by Israa Ibrahim

According to the U.S. Treasury, the Group of Seven officials have decided to evaluate the level of the price cap on Russian oil exports in March rather than January, as initially anticipated, in order to give the mark...

Saudi Energy Minister: Russia Price Cap Brought No Clear Results

• Monday, 12th December 2022
• by Israa Ibrahim

Prince Abdulaziz bin Salman Saudi Arabia’s energy minister stated that the impact of European sanctions on Russian crude oil and price limit measures “did not bring clear results yet” and that its ex...

EU Warns Against Gas Price Cap for Electricity

• Tuesday, 25th October 2022
• by Israa Ibrahim

The European Commission has cautioned against an EU-wide cap on the price of gas used to produce electricity could result in an increase in gas use and exports of EU-subsidized electricity, according to a document see...