Vice president of analysis at Rystad Energy, Jorge Leon, joins ‘The Exchange’ to discuss the most likely outcome for OPEC meetings, oil and gas prices remaining elevated due to market disruption and OPEC’s response to the Russian oil price cap set by the EU. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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OPEC should reduce more oils and should careless because when you put price Cap on resources you don't own,it means you don't Care for your people and others countries. Need
China and India have already made their mind and they said Europe is stupid
All Russia need to do is buying or build her oils shipping line with 50 ship at least with insurance company
Russia should also build oil gas pipeline through Iran for India and others countries around India
this i a dangerous move against russia , now just stop oil makes more sence
EU is a fine example of the madness of Evil.
lol…Gamblers hedging their bets. Backfire incoming.
It will f**ked only regular people in many countries ..
US is selling gas to Europe at the premium Price after war but want Russia to sell crude at price they decide .
Europe on path of self-destruct what can any body do.
⚡️From this year, Europe will live without Russian oil – Permanent Representative of the Russian Federation Ulyanov on the EU price ceiling for oil.
EU Politicians are really stupid! They are ruining the economy of their own country!
Biden could save the world but he is asleep.
our oil our price arseholes trying to tell russia what
they can sell there oil for thats going to end well
The price cap is surely communisms and fighting free markets the western nation's are disgraces , what prices control where is their lectures where is the laws of demand and supply that determine the prices .?
😂😂😂 Price cap is the second dumbest decision in history. The first dumbest was to steal Russian assets in dollars and euros. Ukraine brought to America and Europe multiple epidemics: corruption, lawlessness, stupidity and AIDS.
Ursula, why are the Germans sending broken howitzers and tanks without ammunition to Ukraine? Do you still believe in good relations with Russia?
Typical German woman – cold, calculating and false..
Ukraine's loss of the war is in Germany's interest.
Meaningless useless word salad. Zero specifics. Just pablum and scare tactics. What a waste of time.
Russian KGB trolls frantically thrashing about in this comment section. Poor little war criminal barbarians!
Since America cares so much about Europe, why does USA not cap it's own gas and oil to help Europe. Shame on them they only one to cap Russian gas and oil. If you don't want Russian Gas fine but stop
intimidating and forcing other weaker nations of the global south to do so pretending they are supporting Ukraine, africa never chose Ukraine because Ukraine was never helped us either so why should Africa suffer oil shortages for Ukraine sake. Hope Russia comes out stronger to end this western imperialism madness.
Consideration of the Rest of Asia as they associate with Russia, seems to be overlooked by most media outlets.
The new alliances that China promotes with infrastructure, Russian Resources travel to India, and the IMF now faces a Challenger, pose new challenges to US ability to control World Trade values with the exchange rate of Federal Reserve Notes.
3rd Qtr GDP numbers were not so ugly as the 2 previous.
What statistic will be altered to accommodate the 1st Qtr of 2023?
Are Sanctions causing more "pain' in Western Nations,
than in Russia?
BRICS+ appears to have become more popular that NATO?
Yeah I'm not seeing this in the slightest and CNBC Television? Really? That's funny..
I'll tell you what I see and it's fear…it smells and looks like fear and that fear is coming from the kremlin.
I think now is a good time to bid low on Urals. Low, low, low…
Russia doesn't need this currency you are using to make these jokes. USD doesn't exist anymore in our lifes. We keep the gas&oil and you keep your paper
One outcome, will happen that Russia will continue to sell to "Friendly" countries at a discount regardless. OPEC+1 will reduce production to ensure price certainty at the spot price. EU and it's Western Allies will have to pay for oil @ the spot price. OPEC + 1 will be happy to sell their oil to them. No ?? Currently, it's not a buyers market.
Great idea since more countries will buy Russian oil! Then the other producers will have to reduce the price, so we will all benefit!
Europe will buy from costlier sources while East will get more discounted oil!
Spot <on! You are getting good at being ahead of the trend. Good job man! You nailed it. Pretty funny that volatility has been so compressed that we've become do conditioned as market participants that the slightest 3% move feels like a 15-20% move. I'll advise you to go into crypto trading because it has higher profit returns, trading bitcoin options provide excellent opportunities for investors aiming to maximize gains while limiting their losses. Using multiple call (buy) options CAROL ANN MCELROY creates a strategy capable of six return times higher the potential loss these can be used in bullish and bearish circumstances, depending on the investors expectations, thanks to her I've earned 12.8' BTC! Historically, fortune favours the one who invest in though moments.
There should be a world wide price cap to destroy the predatory Saudi oil cartel. The west advocates free markets, but not for the Saudi Arabia, et. al. dictatorial, homicidal, homophobic, misogonistic, war aggressors? Sanction the Saudi's, freeze and confiscate their assets, block their travel to other countries, etc.
If I were an oil producing state, right now would be a good time to cut production and raise prices
This price cap is now set by US-EU and western collective against Russian Oil… if this successful to a extend – than US Collective will use this weapon of price cap against China, India, South-East Asian country or African , South Americas .
Lets see what happens – US -Collective is using their economic power as a weapon against Russia today , Tomorrow will be China or India etc.
EU Brussel following Pols and Baltic morons -Another way to accelerate EU De-industrialization of countries like Germany, France, Holland.
ALMIGHTY God will set everything right now 🙏
Better Russia stop oil production and let crude go above 120$ per barrel, stock markets will collapse
❗️Russia Will Not Recognize Any Energy Price Caps — Peskov
Main points from the Kremlin spokesman’s Monday briefing:
▪The economy of the Russian Federation has the potential to meet all the needs of the special operation in Ukraine, the oil price ceiling will not affect this
▪Russia will not recognize any energy price caps
▪Sanctions against Russia cause obvious harm to European countries, it is impossible to deny it
▪Sanctions have brought certain problems to Russia, but they are not of a critical nature
Russia: We won't sell Russian Oil to anyone who joins this cap
G7: That's exactly what we want to happen comrad. Lol
Russia: Pikachu face
G7: And you won't be using our tankers, ports or insurance 🙂
Russia: Double Pikachu face
Qatar, Norway and US: We will gladly supply you with oil G7
NATO fighting Russia to last Ukrainian. Feel sad for poor Ukrainians. Zelensky is pawn of west. 😢
I don't know why they are doing this now. All the people who died due to COVID-19. Smh wrong time.
so much discussion about nothing and obvious issues, tell us something new all this was stale news
Opec plus better cut back production and increase the price for Europe and USA the trouble makers. Ask Europe to buy from US
The world should also have a price cap in western products .