In an interaction with Sukalp Sharma, Bosoni talks about the current dynamics of global oil markets and their impact on India, oil demand outlook going ahead, and the likely effect of natural gas, renewables, and future fuels like green hydrogen on the evolution of energy landscape globally. Edited excerpts:
The price cap, which was also backed by the G7 countries and Australia, aims to prevent a sudden loss of Russian oil to the world that could lead to a new surge in energy prices and further fuel inflation.
MOSCOW (Sputnik) - The European Union has reached an agreement on a $60 a barrel price cap for Russian oil after Poland dropped its objections. 02.12.2022, Sputnik International
The gas prices in the United States have steadily been on the decline recently with oil falling below $100 per barrel due to fears of global recession cutting demand. The situation comes as the prices of many stations were under $5 a gallon for regular.
DUBLIN (Reuters) — Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats