G7 vs. Russia- Will Oil Price Caps & Embargos Even Work?!

G7 vs. Russia: Will Oil Price Caps & Embargos Even Work?!

By Guy

Hey Guys,

Last week, the G7 implemented some of their most forceful actions against Russia’s oil revenues. They implemented their twin measures of a price cap as well as an EU embargo on Russian seaborne oil.

This was designed to reduce the revenue that the country could generate to fund its war into the new year. However, there were also concerns that such intervention in the oil market could impact on prices and the broader market.

That’s because Russia could also retaliate to these measures and ship their oil to countries that are ignoring the cap – something that they have threatened to do.

They have also started taking steps to ship this oil to third parties where they can sell above the price cap.

It’s a high-stakes game in one of the biggest commodity markets in the world. You also must consider other factors impacting on it including supply (OPEC+) & demand (global economic growth).

I look at all of this in my latest video.

Enjoy!

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⛓️ πŸ”— Useful Links πŸ”— ⛓️

Shadow Tanker Fleet: https://www.wsj.com/articles/russia-w…

Oil Cap Impact: https://www.bloomberg.com/news/articl…

Oil Cap Impact NYT: https://www.nytimes.com/2022/12/05/wo…

Impact Embargo: https://apnews.com/article/russia-ukr…

OPEC Sticks to Cut: https://www.wsj.com/articles/opec-gat…

Europe Needs Diesel: https://www.bloomberg.com/news/articl…

Will Embargo Hurt Machine: https://www.dw.com/en/will-eu-oil-emb…

Fiscal Pressure Moscow: https://www.wsj.com/articles/russian-…

How Much Oil EU Imports: https://www.reuters.com/markets/commo…

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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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