{"id":1789584,"date":"2022-12-29T06:08:11","date_gmt":"2022-12-29T11:08:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789584"},"modified":"2022-12-29T10:50:20","modified_gmt":"2022-12-29T15:50:20","slug":"putin-attempting-to-undermine-oil-price-cap","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/putin-attempting-to-undermine-oil-price-cap\/","title":{"rendered":"Putin attempts to undermine the oil price cap"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fputin-attempting-to-undermine-oil-price-cap%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789584&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> Dec. 5 introduced a price cap, which requires that traders who use Western services like insurance, maritime routes, financing and insurance to pay $60 per barrel of Russian oil. According to Neste, the price of Urals crude oil currently trades at around $50 per barrel. On Tuesday, President Vladimir Putin issued a decree stating that crude oil and other oil products would be stopped for five months from February 1. There will also be a ban on refined oils products.                   <\/p>\n<p>Russia has announced an oil export ban against countries that don&#8217;t adhere to the G-7. <a href=\"https:\/\/www.cnbc.com\/2022\/12\/02\/russia-oil-price-cap-g-7-outline-how-it-is-going-to-work.html\">price cap<\/a> Analysts believe that this is the latest indication that we are entering a new era in global energy markets.<\/p>\n<p>They also noted that it is unlikely to have any short-term effect on oil prices. Markets will take their cues more from concrete actions and data than from words.<\/p>\n<p> Similar investing news    <a href=\"https:\/\/www.cnbc.com\/pro\/\" class=\"ProPill-proPillLink\" data-type=\"pro-button\"><\/a> 8 hours ago      <\/p>\n<p>Dec. 5 was the date that the price cap was implemented. It requires Western service providers such as insurance, maritime routes, and financing to not pay more than $60 per barrel for seaborne Russian oil. According to Neste, the price of Urals crude oil currently trades at $50 per barrel.<\/p>\n<p>President Vladimir Putin&#8217;s decree <a href=\"https:\/\/www.cnbc.com\/2022\/12\/27\/russia-bans-oil-sales-to-countries-that-accept-price-cap.html\">on Tuesday said<\/a> It will stop oil products and crude oil for five months from February 1st to any country that adheres to the cap. There will also be a ban on refined oils products.<\/p>\n<p>Dan Yergin is vice chairman of S&#038;P Global. &#8220;CNBC Special: Taking Stock 2023&#8221; Tuesday was a day of optimism, despite some skepticism<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dec. 5 introduced a price cap, which requires that traders who use Western services like insurance, maritime routes, financing and insurance to pay $60 per barrel of Russian oil. According to Neste, the price of Urals crude oil currently trades at around $50 per barrel. On Tuesday, President Vladimir Putin issued a decree stating that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1789587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[6218,5458,8021,7393,7145,3733,3819,4991],"class_list":["post-1789584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-attempts","tag-bongino","tag-cap","tag-oil","tag-price","tag-putin","tag-report","tag-undermine"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1789584"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1789587"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1789584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1789584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1789584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}