https://en.sputniknews.africa/20230417/price-ceilings-could-harm-energy-markets-fraught-with-crisis-russian-foreign-ministry-says-1058658123.html
Price Ceilings Could Harm Energy Markets, Fraught With Crisis, Russian Foreign Ministry Says
Price Ceilings Could Harm Energy Markets, Fraught With Crisis, Russian Foreign Ministry Says
Sputnik Africa
The global energy industry is suffering from irresponsible politicized decisions, including in what concerns price ceilings, and the situation risks developing into a crisis, Yury Sentyurin, Russian Ambassador-at-Large said.
2023-04-17T09:54+0200
2023-04-17T09:54+0200
2023-04-17T09:54+0200
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"Last year, economic relations were artificially made dependent on geopolitics through irresponsible politically motivated decisions, the use of essentially anti-market mechanisms and restrictions, and the language of ultimatums," Sentyurin said. He added that, as a result, the state of global energy is currently characterized as difficult, with the risk of developing into a crisis. Sentyurin emphasized that "the endless manipulations around the oil price ceiling are obviously destructive" and have a negative impact on the investment climate, while the recent OPEC+ oil production cuts are "pre-emptive measures aimed at balancing supply and demand, preventing a collapse in prices for ‘black gold’ and market destabilization."
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global energy industry, politicized decisions, irresponsible decisions, price ceilings, yury sentyurin, russian ambassador-at-large, anti-market mechanisms, global energy, opec+ countries, opec+ members, black gold, market destabilization, anti-russian sanctions
global energy industry, politicized decisions, irresponsible decisions, price ceilings, yury sentyurin, russian ambassador-at-large, anti-market mechanisms, global energy, opec+ countries, opec+ members, black gold, market destabilization, anti-russian sanctions
Price Ceilings Could Harm Energy Markets, Fraught With Crisis, Russian Foreign Ministry Says
MOSCOW (Sputnik) – The global energy industry is suffering from irresponsible politicized decisions, including in what concerns price ceilings, and the situation risks developing into a crisis, Yury Sentyurin, Ambassador-at-Large of the Russian Foreign Ministry, told Sputnik.
"Last year, economic relations were artificially made dependent on geopolitics through irresponsible politically motivated decisions, the use of essentially anti-market mechanisms and restrictions, and the language of ultimatums," Sentyurin said.
He added that, as a result, the state of global energy is currently characterized as difficult, with the risk of developing into a crisis.
Sentyurin emphasized that "the endless manipulations around the oil price ceiling are obviously destructive" and have a negative impact on the investment climate, while the recent OPEC+ oil production cuts are "pre-emptive measures aimed at balancing supply and demand, preventing a collapse in prices for ‘black gold’ and market destabilization."
