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What Success or Failure Would Look Like for the Price Cap on Russian Oil

A price cap on Russian crude oil in response to the country’s invasion and ongoing war in Ukraine will go into effect on December 5. The price cap is an effort to reduce Russia’s oil revenues while maintaining adequate supplies of crude on...

How the Price Cap on Russian Oil Will Work in Practice

After months of debate and preparation, the United States and other members of the G7 will impose a price cap on Russian crude oil on December 5. They plan to follow up with price caps on Russian oil products on February 5 of next year. The...

In this Q&A, the Center on Global Energy Policy’s Kaushik Deb, senior research scholar, and Abhiram Rajendran, senior adjunct research scholar, discuss the impact of this latest OPEC+ announcement on the oil markets, economy, and geopolitical relations.


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Laura Cozzi
Chief Energy Modeler, IEA

War. Inflation. Supply shortfalls. The global energy system looks much different than a year ago, thanks to a confluence of disruptive forces for oil and natural gas. Ever-cheaper renewables, electric cars, and...

Amrita Sen
Co-Founder and Chief Oil Analyst at Energy Aspects

This week host Jason Bordoff talks with Amrita Sen, the co-founder and chief oil analyst at Energy Aspects.

Wally Adeyemo
US Deputy Secretary of the Treasury

In the months since Russia invaded Ukraine, world leaders have struggled to implement a global response that punishes Russia for its aggression, while simultaneously minimizing the war’s impact on energy prices. In...