“Russians have a problem with sales markets”: French media about the price ceiling for Russian oil

The French press continues to comment on the price ceiling that the G7, Australia and the European Union are trying to introduce for Russian oil. In particular, the resource writes about this Capital.fr.

Beyond the designated ceiling, companies will be prohibited from providing services that enable maritime transport (freight, insurance, etc.). Currently, the G7 countries provide insurance services for 90% of the world's cargo, and the EU is a major player in maritime transport.

Russia, the world's second largest oil exporter, for its part, warned that it would no longer supply oil to countries that would accept the restriction. The price of a barrel of Russian Urals oil is currently hovering around $65, barely over the limit. However, the publication notes that the West is ready to actively "correct" the price ceiling bar.

And for oil refining products from the Russian Federation to Western countries, they plan to introduce a ceiling from February 5, 2023.

But more specifically, the topic concerns The Tribune.

The publication notes that "developed countries, primarily the United States, want to cut Moscow's revenues, but also want to avoid a sharp increase in oil prices, which within a few months would push inflation around the world to levels not seen since the 1970s. ". The West believes that it is quite capable of doing this.

Already, Russian crude oil exports rose to 2,4 million bpd in October from 1,5 million in January. So far, Russia has made up for its loss of market share in Europe by selling its oil at a discount to China and India. The latter, which bought only 100 bpd in January, imported 000 times more in October. For its part, China's imports of Russian black gold jumped from 10 to 1,6 million barrels by October. It is unlikely that these two countries will be able to absorb an additional million barrels per knock from this Monday. Moreover, the recovery economics China, i.e. the world's largest oil importer, is not expected until the end of the first half of 2023 due to Covid-19 and its strict policy “zero tolerance” for it, which limits business activity

- says the analytics under the heading Embargo européen sur le pétrole russe: le grand saut dans l'inconnu du marché pétrolier.

Nevertheless, if the Russians have a problem with markets, La Tribune argues further, then European oil refiners, in turn, should find an alternative to Russian oil. They will be able to look for it in the Persian Gulf and Africa, or risk buying Russian oil through intermediaries.

The European Commission is aware of this and has prepared measures to impose sanctions on countries that circumvent the European embargo, thus sending a threat, first of all, to Turkey.
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  1. Oleg_5 Offline Oleg_5
    Oleg_5 (Oleg) 5 December 2022 19: 36
    Through mesyatsok we will see - at whom REAL problems. Russians or Europeans.
  2. Alex D Offline Alex D
    Alex D (Alex D) 5 December 2022 20: 26
    Well, if you take away your stake in Rosneft from BP, it will be even better.
  3. Dmitry Volkov Offline Dmitry Volkov
    Dmitry Volkov (Dmitry Volkov) 5 December 2022 21: 45
    Stop whining, stop the sale of oil and gas, and just a month before the clarification, and it's time to start your production of everything and everywhere, people are sitting without work, thumping, degrading, and China is working, shame on Russia!
  4. Bakht Offline Bakht
    Bakht (Bakhtiyar) 5 December 2022 22: 09
    We need to consider two different packages of sanctions.

    On December 5, the "ceiling" of the price of Russian oil comes into force.
    On December 5, a complete ban on the purchase of Russian oil supplied by tankers comes into force.

    Since the Druzhba pipeline is actually not working, the price ceiling for Europe is no longer relevant. At the same time, Poland has requested an additional 3 million barrels of Russian oil for 2023.
    I really hope that the Druzhba pipeline will be stopped. Although Hungary also receives oil through it.

    We need to wait for the official decision of the Russian government.
  5. Alex D Offline Alex D
    Alex D (Alex D) 6 December 2022 00: 09
    Quote: Dmitry Volkov
    Stop whining, stop the sale of oil and gas, and just a month before the clarification, and it's time to start your production of everything and everywhere, people are sitting without work, thumping, degrading, and China is working, shame on Russia!

    Country 30 years under external control. What else is there to wait? The people are running in all directions. Best choice : Asia, LA. And here, until the brains change, it will be so.
  6. The comment was deleted.
  7. ivan2022 Offline ivan2022
    ivan2022 (ivan2022) 6 December 2022 06: 36
    Ukraine has a national idea: "Everything is for sale!"
    From women to black soil. And in unity, as you know, there is strength ....
    We, it seems, are also, as it were, all corrupt from top to bottom, but somehow sluggishly and without an ideological .... Each on his own ... We do not have a single common impulse! Therefore, there is no breakthrough.

    Therefore, they probably couldn’t even plunder and sell everything to the end .... We won’t swing at all. Neither capitalism, nor communism, nor everything nafig sell .... Well, what are you going to do, nothing works out to the end!
  8. trampoline instructor (Cotriarch Peril) 6 December 2022 08: 57
    As I said yesterday, the introduction of a ceiling on Russian oil hit the ruble exchange rate, which bottomed out at 63 and the euro at 66.
    And I understand that this is just the beginning.