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From your first link: "However, Russian oil export revenue saw a $4.2 billion decline due to G7 price caps and a fall in global oil prices."
by viraptor 2y ago
From your first link: "However, Russian oil export revenue saw a $4.2 billion decline due to G7 price caps and a fall in global oil prices."
- JumpCrisscross 2y agoTo be fair, China’s oil demand tempered [1] and the IEA projected massive coming surpluses [2] in that time. [1] https://www.energypolicy.columbia.edu/chinas-slowing-oil-demand-growth-is-likely-to-persist-and-could-impact-markets/ https://www.energypolicy.columbia.edu/chinas-slowing-oil-dem... [2] https://www.reuters.com/business/energy/oil-demand-set-peak-by-2029-major-supply-glut-looms-iea-says-2024-06-12/ https://www.reuters.com/business/energy/oil-demand-set-peak-...