What a crazy weekend! OPEC has decided to sit back and see what happens with the $60 Russian price cap by the EU. So they will not change earlier cuts. The EU thinks this will hurt Putin, well he just said I am taking my oil and going to other countries. this will drive the oil on the open markets up. Removing 1.1 mbd will increase prices. You can’t buy this kind of fun!
Stories covered in this episode.
EU Russian Oil Sanctions May Yield “Violent Price Spike”
US’s oil deal with Venezuela, saying it marked a new sign of “desperation” from the administration of Joe Biden – Harold Hamm
Switzerland May Ban EVs Amid A Threat Of Blackout
54% of projects extracting clean energy minerals overlap with Indigenous lands, research reveals
There Might Be Unpredictable Consequences From Capping Russian Oil
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Mark LaCour, Editor in Chief, OGGN
Paige Wilson, Host of Oil and Gas Industry Leaders and Co-Host of Oil and Gas This Week Podcast.
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