RIAC :: OPEC+,Oil,OPEC

Search: OPEC+,Oil,OPEC (2 materials)

OPEC+ Cuts Production

... interest rate, putting pressure on oil prices. In response, producers may cut production still further in an attempt to support prices, forming a sort of a vicious circle. To put pressure on Saudi Arabia and other producers, the U.S. could pass the NOPEC (No Oil Producing and Exporting Cartels Act) , which would allow the U.S. to impose sanctions on OPEC+ nations under the pretext of antitrust violations. This will cause a backlash down to the imposition of an embargo and a repeat of the 1973 energy crisis. For now, such a scenario is unlikely to happen, though recent developments suggest that no ...

26.04.2023

analytics

Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

... exports to Europe by six times and to India 10 times.” Lukoil Vice President Leonid Fedun observed in an interview with Russian business daily RBK, “There were no real economic reasons for Russia’s participation or nonparticipation in the deal with OPEC. The very idea of abandoning the OPEC+ deal was not discussed by Russian leadership with the top national oil producers, though I know some [Russian] state companies lobbied for this decision.” He added, “But even those who lobbied for Russia’s departure from the deal couldn’t imagine in their worst nightmares that today oil would be traded at $25 ...

03.04.2020

analytics

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)