Tag Archives: Russia

By Tsvetana Paraskova – Jul 25, 2023, 7:28 AM CDT In May, Saudi Arabia’s oil revenues fell to $19.2 billion, the lowest level since September 2021. The drop in revenues was driven by a decline in oil exports, a decline that correlated with OPEC+ production cuts. The pain isn’t over …

By Irina Slav – Jul 25, 2023, 3:17 AM CDT An unnamed diplomat from the Baltics has said there is no movement within the Council of the European Union to alter its price cap on Russian oil. Russia’s flagship oil is currently trading above the $60 price cap as its …