The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to petrodollars while not disrupting the market, and will remain unchanged for now, says an article published on Yahoo.
Global oil prices from spikingThe bloc’s executive arm told diplomats from the EU’s 27 member states this week that there is no willingness among most Group of Seven countries to lower the threshold...
The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to petrodollars while not disrupting the market, and will remain unchanged for now, says an article published on Yahoo.
Global oil prices from spikingThe bloc’s executive arm told diplomats from the EU’s 27 member states this week that there is no willingness among most Group of Seven countries to lower the threshold...
According to a recent report, the average state tax revenue from oil and gas production is about $34 billion annually. One study predicts that to fall by two-thirds by 2050 if the U.S. sticks to its decarbonization plans.
“Oil and gas money is so embedded in many local budgets, it’s difficult to imagine a future without it,” a recent New York Times article said.
States and municipalities utilize oil and gas revenue to fund everything from infrastructure to schools and even parks. Oil-rich states...
https://www.freightwaves.com/news/how-states-are-navigating-the-loss-of-oil-and-gas-income
Libya’s state-owned National...
https://mfame.guru/force-majeure-on-oil-fields-and-export-blockade-lifted-in-libya/