Tag: responds
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OPEC invites Azerbaijan to join it.. and “Baku” responds
The Organization of Petroleum Exporting Countries (OPEC) is seeking to enhance its global influence at the present time by including major new players in the global oil market. The Kingdom of Saudi Arabia, the largest oil producer in OPEC, has always stressed that the organization aims primarily to achieve stability in global prices and ensure…
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OPEC warns of the fallacies of the Energy Agency and responds to the truth of its position on oil prices
The Organization of Petroleum Exporting Countries (OPEC) renewed its warnings about the impact of declining investment in the hydrocarbon sector on global energy security. Haitham Al-Ghais, Secretary-General of the Organization, said today, Thursday, that the International Energy Agency should “exercise extreme caution about further attempts to undermine investments in the oil industry.” The Secretary General…
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Moscow responds to developments in the ceiling of Russian oil prices
Moscow described the “waivers” of the Russian oil price cap as tangible evidence of continued demand for Russian supplies. On Tuesday, February 7 (2023), the European Commission published an explanation of the decision to impose a price cap on Russian oil products, in which it specified the cases to which the price ceiling does not…
