Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
23 December 2022 | Other

Novak: Russia has prepared a response to the price ceiling in the form of a ban on oil supplies

Brent
WTI Light Crude Oil

In response to the West's decision to limit Russian oil supplies, energy exports to countries that would insist on respecting price caps will be banned. This was stated by Deputy Prime Minister of the Russian Federation Alexander Novak.

Novak noted that as a result of this decision, Russia is ready to cut oil production by 5-7% at the beginning of the coming year. He also added that despite the fact that this volume is insignificant, there are still risks.

On December 5, the EU, G7 and Australia set the prices for oil from Russia at $60 per barrel. On December 22, President Vladimir Putin said that he would announce a response to the oil price cap at the beginning of next week.

Company MarketCheese

Recommended

United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 554 to 544
Yesterday at 6:03 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 419 to 407
Yesterday at 6:03 PM
United States. Crude Oil Inventories. The value of the indicator has increased from -3.426M to 2.774M
Yesterday at 3:30 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has increased from -0.698M to -0.068M
Yesterday at 3:30 PM
United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from 4.4M to -1.9M
25 November
Top news
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.6% to 0.2%
25 November
European Union. Manufacturing PMI. The value of the indicator has decreased from 50 to 49.7
21 November
United States. Nonfarm Payrolls. The value of the indicator has increased from -4K to 119K
20 November
United States. Unemployment Rate. The value of the indicator has increased from 4.3% to 4.4%
20 November
United States. Trade Balance. The value of the indicator has increased from $-78.2B to $-59.6B
19 November
All news

Forecasts

Natural gas sell
Period: 05.12.2025 Expectation: 300 pips
Natural gas sees technical correction on its way after 70% hike
FA Other Indicators Chart analysis
Today at 09:40 AM 4
John_Bullard
NVIDIA Corporation buy
Period: 31.03.2026 Expectation: 4500 pips
Buying NVIDIA shares from $150.00
FA Other Chart analysis
Today at 09:14 AM 3
McCarthy_Raymond
USDJPY sell
Period: 04.12.2025 Expectation: 190 pips
Selling USDJPY on high hopes for imminent BoJ rate hike
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Today at 08:56 AM 5
Emily_Foster
Brent buy
Period: 28.11.2025 Expectation: 30 pips
Short-term investment in Brent crude
Chart analysis
Yesterday at 10:59 AM 47
McCarthy_Raymond
EURUSD buy
Period: 05.12.2025 Expectation: 1000 pips
EURUSD downtrend may be broken above 1.164
Indicators Chart analysis Hot news
Yesterday at 09:24 AM 61
Tom_Kern
USDCAD buy
Period: 03.12.2025 Expectation: 1240 pips
USDCAD takes breather before resuming upside
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 09:18 AM 30
Lyra_Moonwell1
Go to forecasts