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's Novak says will not sell oil to price cap nations. Womp womp.

Started by forex4you, Dec 05, 2022, 03:41 am

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's Novak says will not sell oil to price cap nations. Womp womp.

<p>Not news from whiny n Deputy Prime Minister Alexander Novak on Sunday.</p><p>He was responding to the oil price cap that is set to take effect today:</p><ul><li><a href="https://www.forexlive.com/news/poland-formally-agrees-to-60-n-oil-price-cap-with-review-mechanism-20221202/" rel="follow" target="_self" class="article-link">Poland formally agrees to $60 n oil price cap with review mechanism</a></li></ul><p>Weekend comment via Reuters:</p><ul><li>"We will sell oil and petroleum products only to those countries that will work with us under market conditions, even if we have to reduce production a little"</li></ul><p>Novak said the price cap </p><ul><li>was a gross interference which contradicted the rules of free trade</li></ul><p>he didn't say what rules 's genocide in e violated. </p><p>He also tried to scare us with:</p><ul><li> and would destabilise global energy markets by triggering a shortage of supply</li></ul><p>----</p><p>Other oil info over the weekend:</p><ul><li><a href="https://www.forexlive.com/news/opec-holds-production-unchanged-as-expected-20221204/" target="_blank" rel="follow" data-article-link="true">OPEC+ holds production unchanged, as expected</a></li></ul><p>-</p><p><a href="https://www.forexlive.com/terms/e/eur/" target="_blank" id="b0427fd7-674c-4ad1-b689-22d1f8b087b0_1" class="terms__main-term">eur</a></p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: 's Novak says will not sell oil to price cap nations. Womp womp.

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