... EAEU.
Restrictive sanctions imposed on Russia by the United States, EU, and allies, as well as the unofficial “self-imposed sanctions” by Western companies and financial institutions force Russian companies, including those in energy, to consider the ... ... are working to achieve a common goal; to maintain the stability of the global oil market, through group coordination within OPEC+. The two countries also aim to make progress in strategies that envisage a more balanced energy mix in the future, with ...
... still further in an attempt to support prices, forming a sort of a vicious circle. To put pressure on Saudi Arabia and other producers, the U.S. could pass the NOPEC
(No Oil Producing and Exporting Cartels Act)
, which would allow the U.S. to impose sanctions on OPEC+ nations under the pretext of antitrust violations. This will cause a backlash down to the imposition of an embargo and a repeat of the 1973 energy crisis. For now, such a scenario is unlikely to happen, though recent developments suggest that no ...
... be necessary
to resort to these crisis-response scenarios.”
Ruslan Mamedov:
A New Oil Campaign in Iraq
Speaking about the
OPEC+ deal
, Maksimov said, “The agreement to cut global petroleum output will definitely be welcomed in Iraq, which will allow ... ....”
It also remains to be seen whether the two sides will cut a deal that entails different regional risks and could invite US sanctions. Besides, implementation would require a stable government in Baghdad. As snap parliamentary elections are possible ...
