per day in a world where the barrels may be coming off. random but interesting >> i guess and what about the nations like china and india and turkey will they agree? >> no. you spoke to modi. they need to do what is best here is the great variable for europe imagine if you are india people i talked to suggest and i'm not saying this issing going to happen. how about this you are india. you are a huge buyer of russian oil. now europe is short oil. why not india or china or turkey buy more than they need, transfer and buy for $55 or brent at $60 europe needs oil here. re-sell that oil, i don't know, $100 a barrel, back to europe. europe will be short 1.5 million barrels a day? that is 42 gallons of fuel of oil. you can do the math on the looming fuel shortage. one company in germany doesn't know where they will get it. people driving by us see what it looks like in three months this is day one of the new reality. >> a lot happening on the ground brent crude up 2% at $87 brian, good to see you brian sullivan live at the opec events when we co

we're hearing a lot about that $60.00 a barrel. and then my son, we not make a huge difference to russian to buyers of question on want to russia because already is screwing as being sold at a discount between $20.00 to $25.00 in barrel compared to the benchmark. which is brent. that is, you know, the european benchmark. so in that respect, if you're around that region under existing market conditions, then the price is likely to be symbolic. and of course, if in this would depend on what you does. but what on the friends of russia when they would do, and that is by the chinese and indian to what extent they will continue to buy, right irrespective of what the bus and, and we'll have to leave it there for now. carol nacley, founder and ceo of crystal energy, thank you very much. thank you. the german government is drafting new plans to smooth the entry process for foreign skilled workers. it's a move that companies say it's long overdue. the country's aging workforce is a growing liability or positions in i t and software developme

well, yes, barrel is no longer quite a diplomat.lso introduces himself as the minister of defense and, of course, self-appointment again, because no one stops him. this war gave the european. the union has a reason to behave more assertively to insist on a common european position, not only in foreign policy, but also from a military point of view, too, you know very well federic. after all, you held my post before me, that we are building not only foreign policy, but also security and defense, our position with you is a kind of combination of the minister of foreign affairs and the minister of defense. and this is very good, because foreign policy and military policy go hand in hand like never before. mr. barrel believes that he is building a new world order, but he is like that colonel who tries to write poetry, and everything comes out as an order for a shelf of a barrel, he brings the recent performance of the barrel before latin american deputies in the european parliament. the network literally exploded. and you will conquista

, but these 3.5-4 million barrels. world production. this is 4% somewhere, and the share of sea transportation is already much more. this is such a delicious pie pie that everyone will want, just one of those countries. well, yes, many greeks have a large, uh, share. here in this world trade as well. i turned to a friend, but who is close to this trade in tankers, and he, well, somehow indirectly confirmed that a lot of people are now er in the world are interested. they are to create such a, well, parallel front. here are tanks, yes, which is just now provided by russia, and how on what conditions, eh? well, i just tried to understand, is it possible yes? and he assures me that what is happening in this trade. yes, it's easy to change these ships. uh, the flag is changing the name , uh, changing the content. eh, and just the guys who are already working in this area. they have evolved over many years. that's it in the processes. uh, overcoming all kinds of embargoes and all sorts of uh such restrictions. it seems to m

they are waiting for an average price level of $100 per barrel., the unstable equilibrium will depend immediately on many factors. analysts rely on supply and demand indicators, demand growth in 2021 was a record more than 6 million barrels. per day. now the dynamics is weakening and, according to the estimates of america's banks, in 2023 demand will grow by about 1.5 million per day. this is a pessimistic forecast, the international energy agency, on the contrary, in november increased its expectations for oil demand in 2023 year. however, in favor of the instability of demand will be played by the slowdown in world gdp and high interest rates, oil consumption in terms of the dollar, and world gdp, this is this coefficient. yes, it has almost halved in 10 years. that is, relatively speaking now. and if the economy there falls, the global economy there by 1%, then it will be that, then from the point of view of our influence on oil, it will be much lower than we observed there many years ago, 10 years ago. why? because it's clear now more contribu

for instance, the developing countries that have any reliant on that russian oil at $60.00 per barrel. now there's been a lot of touring and flowing over this. the countries that are involved in the shipping like grease cypress and multi big shipping, please. because i have another slide carriers, they wanted someone to region a $7075.00 per barrel, but country that the boat takes and poland you have experience with being occupied by russia by moscow on the soviet times they wanted to dine even in the region of $30.00 per barrel looks like what happened was that the poles who were the last ones holding out to this, the opponent eventually accepted this $60.00 per barrel price cap. in exchange for the european union, agreeing to start negotiations on a 9th run of sanctions against russia over the war in ukraine. germany's left leaning governing coalition is looking to reform citizenship laws. their plan would allow immigrants to get a german passport in as little as 3 years. but the idea is not so popular among born and bred germans. less than half of those poles that it was a step in

at least 1 million barrels. it can easily move oil quotes by 20 or even 25 dollars a day.ia, maria kudryavtseva told about oil prices. during the next shelling of donetsk, the water supply system that supplies the local metallurgical plant was damaged, the city authorities reported this. kiev kuibysh region, in addition, they fired at the makiivka mayorsk, uh, mineral and kashtanovaya stanislav is watching the situation in the dpr all night long. today rescuers worked in different districts of the city of donetsk because there were a lot of fires. now most of them managed to localize the most difficult fire was on the market. the lighthouse is there. indeed, everything burned very seriously. and if you list, where the ukrainian militants hit yesterday, well, this school and the university and residential buildings. and now we are at one of the residential buildings here is a direct ass. well, uh, they say they hit with hail, but uh experts neatly state that it is most likely. it was a hurricane, a direct hit from the house, there was nothing left at all. now it will go int

and january by comparison, it was just a mere 100000 barrels. a crude exports a china have also increased. many experts believed that as the embargo approaches, russia is gearing up to ship more and more crude. directly to asia. oil tankers in europe's biggest bar it, they have lately become a sought after commodity, the hunters on to buy up the rest buckets of the high seas. for transporting rushes oil we're seeing a lot of vintage tankers, which otherwise would probably have been demolished. haven't you leased that life? they're hiring him from these companies in the middle east, turkey year and southeast asia that have been attracted by the vast profits which were available to transport russian oil. second hand tankers, adult like 2nd hand cars to come in are sizes, ages and price ranges. russia has been building up a shadow fleet of these ahead of the u. embargo. the economists at brussels, thinktank blogger, are monitoring the development of fresh and oil exports. as of early next year, europe will mostly get rid of it's imports of rational

can we soon see crude at $100 a barrel again? several calls for that.flynn is coming up next. ♪ cheryl: oil prices down this morning after briefly topping $81 a barrel for the first time in three weeks, taking a look at brent and crude oil, wti, the domestic contract, 79, 27, the global brome tear of oil, brent, that's at 84 and change right now. i want to bring in price futures group senior market analyst, fox business contributor, phil flynn. you say we're probably hitting 100 bucks a barrel. why? >> i think we are. i think it's because -- mainly because of china reopening. because basically when china reopens, cheryl, say good-bye to the world's global spare production capacity. already right now if you look around the globe, the extra oil we can bring on in an emergency is probably somewhere in the area of 2 million barrels of oil a day. once china reopens, that's basically gone. so i think we're going to see a supply deficit in the new year. and unless we have a real deep recession i think that the oil prices are going to look very bullish when we

a price for russian oil that is transported by sea. they will buy no more expensive than $60 per barrely will make sure that the price is 5% lower than the market price, only by five, which in fact will limit the price of russian oil. why is there so much noise around this ? will help stop the war or not, artyom kula understood the battle for the barrel as an oil barge confused putin's cards this is the main article of russia's energy exports why europe could not agree on the price ceiling for russian oil they just want to make a decision it hurts will putin go for self-sanctions by shooting himself in the foot like with gas, you know what the boy said, the boy did. but what will happen to gasoline prices? russian oil is a real stumbling block for europeans. they are used to sitting on this energy needle, so negotiations about what there will be a limit on the price of black gold from the russian federation for more than a week, and we have constantly reached a dead end, will bargo and oil prices be able to stop the military machine of the russian federation? and how will this affect th

this is about 4 billion barrels. and if the demand is unstable, the supply is not flexible. this means that it will not be possible to quickly increase oil production; meanwhile, the discount on urals, compared to brent, has decreased from $35 to $20. and the shipment of russian oil. returned to deca, it can be seen that the values ​​were calculated in the bank of america and predicts oil production in russia at the level of 10 million barrels per day, despite the statement about ceiling c and america as regards the price ceiling for the russian, which came into force on december 5th. that there are no tangible results of this measure yet, as well as complete confidence that this will be implemented. we can see the state of uncertainty. what will be the reaction of russia, what can it do and will it be similar to what was done in the situation with gas, too, the introduction of a ceiling is absolutely oil. it has not changed the trend, that is, oil. now the price is gradually decreasing. the price of oil is declining and waging. uh, actually the ceiling didn’t really excuse

they spent brent at $80 a barrel.snaps and more switching from gas to oil can provide an upside support. we always talk about gdp as an indicator of where commodity prices will go. citigroup team emphasized this will be the gdp growth and financial commodities will go down in the coming years thanks to energy efficiency and energy transition. alix: perfect set up, natalia. joining us from citigroup, ed morse. citi group managing director and global head of commodity research, we are going to call you the bear in the market. what do you see that others are not looking for for 100 plus next year? ed: we see supply and demand at 2.3 million barrels a day. we have china's recovery but we have the european economy and the u.s. recession ahead. the three largest economies in the world are not going to be hitting that much oil demand in the market. we see supplies is significantly more robust. that even comes from the u.s. where there is a combination of lower demand, higher supply. with the risk to the downside in our judgm

states and other g 7 nations in sanctioning washing oil, which we simply traded at about $65.00 a barrel. with his elderly is brussels correspondent, jack park has more on the agreement. it took a lot of effort among the 2070 you countries, but they did manage to get this oil price cap over the line of $60.00 per barrel. essentially, that means that all russian oil that is serviced by european companies that are sending it in their tankers shipping it around the world can only be sold, including in 2 other countries. for instance, the developing countries that are heavily reliant on that russian oil at $60.00 per barrel. now there's been a lot of touring and flowing over this. the countries that are involved in the shipping like greece, cypress, and malta. big shipping fleas. bit for have another flight carriers. they wanted it somewhere in the region of $7075.00 per barrel, but countries that the baltics and poland, who have experience with being occupied by russia by moscow on the soviet times they wanted it down even in the region of $30.00 per bar. it looks like what happened was tha

the state gushed 1.68 million barrels out for a record 4.7% jump. states say it is becoming increasingly more difficult to keep the taps on full blast. madison alworth at a drilling site in artesia, new mexico, to outline the issue. >> reporter: hi, lizful you can see the pump jack behind me actively drilling oil here on principal land in new mexico. most of the oil-rich land in the state here is federal land, and that's concerning to producers like mack energy if which is responsible for the pump behind me because hay think the biden administration is auctioning off less land which is the future of drilling if you want to get that permit. take a listen. >> you know, the federal government's only had one lease sale since the biden administration take of. we're supposed so much to have one every single quarter according to the rules of congress, and we have not seen that. we've seen one. >> reporter: so in the two years in office there's been one resale near new mexico, and the amount of land that is auctioned off is also a lot smaller. we're talking

it saw it to a $120.00 a barrel last summer. before falling below $100.00. european reserves are bursting at the seams. new supply contracts have been signed, an oil prices are declining and that has maintained basically to do with the banks at 1st, a steady fair of us and euro song and recession. so, so the lower that's lower economic growth, which would lead to less the month. oil that's pushing prices down, and the other aspect is the chinese lot downs. the band has ripple effects. an end to russian oil flows will be a huge problem for p. c. k refinery in the eastern german town of shed, which was supplied by the drug pipeline. a replacement pipeline from the eurostar are coming to shade, however, it only has about 50 percent of the capacity of the jewish pipeline. so this questions has yet to be answered by the german government out there, how they're going to proceed to make the to key or finery running. but even if the refinery and schmidt operates at 50 percent capacity, germany's crude supply isn't at risk plans cold for

that's two million barrels.cision came into force in november and will last until the end of 23 remind. in may of the twentieth, the decline was 9 million and 700,000 barrels, and again plus gradually increased production volumes now the situation on the global oil market is quite stable. it is in better condition than 2 months ago. although there are many uncertainties. today we noted, among other things, the high level of inflation in many countries, the high level of sovereign debt, and the tightening of monetary policy. many countries an important point, of course, is the recurrent outbreak of bloodworm in the people's republic of china as the largest consumer of energy resources. we discussed all this today. on the eve of the meeting again plus experts traditionally made forecasts. what decision will be taken by the minister, who is a member of the alliance, and the majority of analysts were sure that the levels of reduction will continue. that is why investors reacted slightly to the statement following th

at least 1 million barrels.quotes by 20 or even 25 dollars a day. everything else install open watch russian channels and all series of movies and cartoons educational programs and documentaries for free without registration. hello, correspondents of the program vesti duty will tell about the main legal events of the day and i, alexei tsarevich, left the baby in the entrance and ran away. the nagatinsky court of moscow arrested a lady who can hardly be called real mother immediately after childbirth. she decided to get rid of the baby, without thinking about the consequences. is it true that for a defendant in a criminal case, leaving children in danger was already habitually clarified by mikhail shirin she seems not to notice the journalists , she looks distantly somewhere in front of her, as if she already sees how bleak ahead everything is forty -year-old samara-zharoeva, a native of one of the neighboring countries in court under escort and accompanied by an interpreter. like laws does not exempt from respon

definitely, $110 a barrel, maybe $135 a barrel, it depends. this is why opec has been cutting.need that spare capacity to fill that demand. and china needs to builders stocks before they reopen. a huge indicator for the general markets is when you see flows coming into china, it means zero covid is going to ease up. they are not going to announce zero covid is over, and then start buying, when they are the biggest buyer in the market. manus: that's got a big carry through around the whole commodity complex, not just oil, that's going to be across the board in terms of that restocking narrative. let's just travel back to the u.s., there's two things, potus tweeting overnight that gas prices are down for 176 days in a row. do you think the repercussions that were so much threatened towards opec+, that narrative drop some of the market? and secondly and more importantly, what happens to the spr from the united states of america? nadia: on the first point, we are having more refinery runs. we are at peak refinery runs in the u.s., but by the summer and spring, the gasoline story wi

and the soviet times they wanted to dine even in the region of $30.00 per barrel. looks like what happened was that the poles who are the last ones holding out for this opponent eventually accepted this $60.00 per barrel price cap. in exchange for the european union, agreeing to start negotiations on a 9th run of sanctions against russia over the war in ukraine. now javanese lat, leaning governing coalition is looking to reform citizenship. citizenship laws at the plan would allow immigrants to get a german passport in as little as 3 years. but the idea is not so popular among born and bred germans. less than half of those polled said it was a step in the right direction. german industry needs more skilled workers and large numbers of people have come to germany as a result of the wars in ukraine and syria, many with useful skills. so the government wants to make it easier to become german . i'm robot. havoc jonas melissa for economic assurance. the economy linux debt has even put out a video asking skilled people to consider losing permanently to germany market. a

rostislav my greetings, we are waiting for the details of the decision on the ceiling of $60 per barrel entered into force today a was adopted three days ago regarding a barrel for orientation, approximately a ton of oil contains a little less than seven and a half points. therefore, the limit price of $60 was introduced by the european union and also the countries of the group of seven . and this is additionally the usa, britain, canada, japan was also transferred to australia, this price applies to oil that delivered by sea on tankers. the decision of the european union is unanimous, but they had proposals for a lower limit, for example, $30 per barrel, which severely hit the russian budget and, therefore, the russian military machine and the ability of the kremlin to finance the war against ukraine, the price of $30 per barrel could bring the russian economy to its knees, even $50 would be a blow. well, the european union and the simka agreed on $60. this caused disappointment in kyiv. volodymyr zelenskyi would not call it a serious decision to set such a limit for russian prices, wh

a barrel cost about 85 dollars.ieve that the price ceiling for russian oil is working at full capacity. and that's when the quotes will go up, for now, after the meeting of custody, plus other factors influence the market. values ​​are declining and it 's not even about the ceiling on russian oil. everything that could be sewn into the current price, as the risks are already wired. this decision is no longer valid. the current oil market is now affected by much more important things related to the global recession, with the cooling of world demand for oil with china's problems with restrictions in china. this is much more influenced by the trend. just now, not on the rise in oil prices, but rather on the downward trend, of course, during the week there were many reactions from the foreign press. and someone might imagine that foreign economists were celebrating a crushing strategic victory over russia's energy sector, but everything is not so and here is one of the articles, where he estimates that the ceiling will

the $60.00 barrel dollar barrel cap will take effect on monday. also coming up, the u. s. panted on unveils its u. s. stealth bomber off the years of secretive development. be $21.00 grader is the 1st new us bama aircraft and more than 3 decades. and we check in on the world cup and guitar, where things got all we saved, messy for the australian team, looking for a spot in the quarter finals. that's all coming up later. ah, i'm hello mohammad. welcome to the program expires president brought him. is the lensky has called for a lower price cap on russian oil after the e. u and g 7 countries agreed to impose a price limit. the $60.00 per barrel cap aims to reduce moscow's ability to fund its war in ukraine, with revenue from petroleum exports. russian authorities rejected the cap and threatened to stop supplying nations that endorsed it. it's the mainstay of the russian economy. fossil fuels now under pressure from you countries who will band insurance and finance for russian oil shipments. if they sell for more than the price cup of $60.00 a barrel. the u is joining the

barrels have to cost $60 per barrel since monday. the barrel limit should reduce the kremlin's income from the sale of black gold, which goes to finance the war in ukraine, they argued for a long time about setting this price at $60 per barrel, for example , the president of ukraine, volodymyr zelensky, believes that this is too high a price, it was necessary to support, for example, the proposals of the baltic countries and poland and determine that a russian barrel should cost only 30 dollars, how is this a restriction at all. this is the sanction that should come into effect as early as december 5, that is, from tomorrow, it will help reduce russia's income and generally speed up victory, at least economic of our country, we will talk about this with the analyst of the constant company on the car market, oleksandr sirenko, we are in touch good evening, good mr. oleksandr, $60 is a lot, and according to the analysts of the blumber agency, they wrote in their materials that this is an insignificant price and russia does not get anything from it will lose essentially before the war oi

already by august of this year, this figure of 2 million barrels is reported from this amount.n the day the usa were not agree with this decision. what has been repeatedly said, but nevertheless, the current terms of the agreement. they will continue, meanwhile, and on the market now we see such quotes for the brand, they give about 85 dollars per barrel. and, in principle , it was enough for investors just in the current conditions, because all the experts said that most likely, according to their calculations, there would be no global changes. well, in addition, with alexander novikov, we also discussed the introduction of a price ceiling for russian oil. i remind you that it starts act this monday, the final figures were adopted on friday. although the discussion itself began. in the summer, as part of the eighth package of anti-russian sanctions, and now we are talking about a limit of $ 60 per barrel, the instrument is not a market inefficient rude, interfering with market instruments, contrary to all rules. and uh. in the same place, for example, the wto, and in our pract

uh, they give about 85 dollars a barrel. and, in principle, it was enough for investors simply in the current conditions, because all the experts they said that most likely, according to their calculations , there would be no global changes. well, in addition, with alexander novak, we also discussed the introduction of a price ceiling for russian oil, let me remind you that it begins to operate this monday, the final figures were adopted on friday. although in itself a discussion. it started back in the summer as part of the eighth package of anti-russian sanctions, and now we are talking about a limit of $60 per barrel, let's hear it. what decisions does moscow make in the current conditions. this non-market instrument inefficient grossly interfering with market instruments is contrary to all rules. and, uh, the same wto, for example, and in our practice we are not going to use tools related to the price clap. to do this , we are now working on the mechanisms of braiding e to use the price tool no matter what level is set,

but in the end, they've managed to land on this $60.00 per barrel. the big question was, what got it over the line? and it seems that that was a decision or an agreement by the other countries at the insistence of poland, which was the last country holding out. can i start negotiations on a 9th round of sack sanctions against russia for the war in ukraine? it, let's talk you about the e. u aid for ukraine. today we heard that hungary prime minister, victor, or bon, he plans to veto the european union's latest multi 1000000000 euro aid package for ukraine. what is his beef with this? yeah, that's right. bradley managed to get one agreement over the line or no price gap, but that doesn't mean that the countries as a source of that the other issues, essentially the european commission, has proposed raising money on international markets like it did with the coverage recovery funds in order to support ukraine's infrastructure project rebuild ukrainian, support them financially to the tune of summer in the region of 18000000000 euros 9 . the hungarian sim

whoever thought oil would go to negative $40 a barrel? who thought the ten-year yield would go this is a ratio chart. it's a relative performance line, and it's s&p energy sectors' relative performance to the s&p. let's put in some lines. so, the first -- look at that trend line is that precise? remarkably precise final of the charts look where it struck its head we hit that line to the penny, and since that moment -- that's november 4th energy is down 1,000 base points s&p is up 450. you're talking -- and i don't think the relative underperformance after such a move off the low let's look at the xle. that's the etf you can trade here it matches the s&p 500 sector no drawings, no license, no judgments. let's put some arrows in what do we know? it's responded beautifully we have a perfect double top, and i think ultimately we'll get back to the uptrend line in effect since 2020. >> okay, so those lines are pretty obvious when carter lays them out that way. thank you for. that we'll see new a few moments on "options action." steve grasso, w

the russian mark urals in january november twenty amounted to 78 dollars per barrel compared to lastr. it has risen in price by 14% discount to the brand according to experts. now it is about 20 dollars, if now the brand is trading somewhere around 88-87 dollars, then urus will be traded, well, respectively, 67-68 dollars per barrel of restrictions of 60 dollars. it would seem that it is not a matter of principle, we will calmly survive and see 60 x 8 to 60 dollars, because our budget was calculated from 40 dollars per barrel. a matter of principle, because if we fall for it , it will be possible to create a bunch of precedents, then we can be let go, lower and lower and lower to infinitely low prices for them. leaking information about possible response measures to the media is more like checking the reaction of the main players in the oil market and foreign counterparties to it, experts say what is really needed now is proactive actions to form a new approach to how we will sell oil to friendly countries and how price mechanisms. unnul india here needs to build some new relations,

was 78 dollars per barrel compared to last year. she is rose by 14%.rand according to experts. now it is about 20 dollars. if now the brand is trading somewhere around 88-87 dollars, then urals will be trading, well, respectively, 67-68 dollars per barrel, the limit is 60 dollars. it would seem that it’s not a matter of principle, we will calmly survive these 60 x 8 to 60 dollars, because our budget was calculated from $ 40 per barrel let go and drop and lower them to infinitely low prices. leaking information about possible response measures to the media is more like checking the reaction of the main players in the oil market and foreign counterparties to it, experts say what is really needed now is proactive actions to form a new approach to how we will sell oil to friendly countries and how pricing mechanisms. damn, india needs to build some new relations here, accordingly , act proactively, that is, do not lag behind tail, as if those decisions of those sanctions restrictions, answering them, yes, in some way, but continue, as it were, to work on c

, the barrels have not yet been changed in the zaporozhye direction, the fire is less, but the numberots is huge. if you count more than 15,000 per battery like this, there is already a difference in the scattering of projectiles. maybe a little scattering. because before, as soon as they came to us, the first projectile landed better now, well, we are trying to influence it with our machinations, so to speak, during the preparation of the next shot, the calculation receives the command, but there is a misfire in the next 2 minutes, the fighters manually eliminate the problem, the gun returns to work again, most of the problems arise with those mechanisms that are responsible for firing, more breakdowns - this is a sighting device, there were sighting devices, yes, in a wedge, the bolt mechanism, the automatic mechanism, very often, the capsule does not hit , something else, the spring is broken, it is disassembled everything is completely the same swamp hmm well, we always cover guns so that they don’t hit the pointing part and it doesn’t happen without damage, it’s all iron, if you

global demand will be just below 101 million barrels per day.e average price of brent is expected at $92 per barrel, experts emphasize that even if the supply of russian oil is reduced, we will be able to compensate for the losses due to higher prices. perhaps some transitional period. uh, because it will be necessary to establish logistics, work out the mechanism and export with this limited fleet, but nonetheless. i think that catastrophic, uh, situation will not happen in the most pessimistic scenario. uh, they said that we would cut exports by 1 million barrels per day. only uh, it's not that much, so. i think so, the next 2-3 months maybe a reduction in exports, and there by 150 or 200,000 bar or per day. but this will lead to an increase in prices, so we will not lose anything economically. moreover, before the end of the year, the russian cabinet of ministers can launch a response mechanism. the media names three possible options for a ban on the sale of oil to countries that have introduced a restriction on oil prices, a ban on exports u

wti crude at 81 bucks a barrel, brent at 87 bucks a barrel both five or six bucks more than they started the week. and pay attention to crypto. we're seeing bitcoin back below the 17,000mark that somehow became meaningful. ether, xrp and cardano both down and early trade in europe, let's go to the london newsroom with much more on that. happy friday >> happy friday, frank and not a happy friday for asian markets. you can see a lot of red on the board behind me taking their couldcu from wall street not a lot of new news when it comes to the covid restrictions. but their best week in over a month. nikkei is down 1.6 percentage points you would have thought there would be a bigger bounce given the big football victory yesterday. but not really transpiring in the nikkei down 1.6 percentage points investors paying close attention to what is happening with the yen. in europe, we just got ppi numbers come through, coming in slightly lower than expectations that 30% handle versus 31% year on year expectation. so still more signs that the inflation profile in europe has started to drop somewhat a

in turkish waters, there were difficulties with the transportation of about 18 million barrels.y. these are kazakh raw materials on ships that left the ports russia's ankara is cautious about passing through the straits. now the situation is being resolved, but slowly, for example, the media report that one of the tankers managed to continue moving thanks to a letter from ingosstrakh, meanwhile russia has repeatedly stated that it will not supply oil to countries that adhere to the price ceiling and experts note that we have enough alternative buyers. under the price ceiling, russia will be able to continue shipping oil to china and india turkey may even be in pakistan and a few other countries this will avoid supply disruptions. however, globally we are in for major changes if india and china buy more russian oil. they buy smaller raw materials, for example, from south africa or the middle east, these volumes will be redirected to europe, which will put additional pressure on prices. when the mechanism is fully operational, oil prices will go up, experts say, but while the mark

if they sell for more than the price cap of $60.00 a barrel. the u is joining the united states and other g 7 nations. european commission president austin, i found the lion said the price gap would cut russia oil revenues without causing price spikes in the broader market. that would hurt the world economy. it will stabilize global energy markets because it allows some rush and seaborne oil to be traded broker, transported by u operators to 3rd countries as long as it is sold below the cap. so this price cap will benefit directly emerging and developing economies. and it will be adjustable over time so that we can react to market developments together with our partners. we stand united and firm in our opposition to russia's atrocious war. the price cap scheme was originally floated by the us treasury department, the white house. welcome to the us move. frankly, we think that the, the $60.00 per barrel is, is appropriate. and we think it will have that effect. this is about bounce. it was never about not having any russian oil on the market. it

u had agreed on a $60.00 a barrel price cup on russian oil. it applies to oil, it's imported by tanka, and is aimed at cutting off cash supplies to moscow. the price camp is expected to come into effect on monday. that's the same day. an embargo of russian crude will also be applied jonah hope has more from london, has been the subject of really quite fraught negotiations between the member states for months now initially over the sort of market economics of an oil cap at all. and then over the price at which any oil cap might be set, poland has joined estonia. they were the 2 main holdouts among the member states. in agreeing to the commission proposal made on thursday to set an oil cap at $60.00 a barrel. with that verification mechanism for the price to be revisited every 2 months to ensure that it remains at least 5 percent in theory, at least 5 percent below. whatever the market value of rational is deemed to be. now this isn't going to affect pretty much in any way e u countries ability to buy russian oil at any price. because from monda

all this we discussed today on the decision to cut production by 9 million 800,000 barrels. day was originally adopted in the spring of 2020. and later. already by august of this year, this figure accounts for two million barrels of this amount. on the day the usa were not agree with this decision. what has been repeatedly said, but nevertheless, the current terms of the agreement. they will continue, meanwhile, and on the market now we see such quotes for the brand give about 85 dollars per barrel, and in principle , it was quite simple for the investor in the current conditions, because all the experts said that, most likely, according to their there will be no global changes. well, in addition, with alexander novik. we also discussed the introduction of a price ceiling for russian oil. i remind you that it begins to operate this already monday the final figures were taken on friday. although in itself a discussion. it started back in the summer as part of the eighth package of anti-russian sanctions, and now we are talking about a limit of $60 per barrel. the instrument i

the g 7 group of major economies has set the ceiling of $60.00 per barrel of russian crude and an attempt to squeeze moscow's oil income and eat you ban on most crude imports from russia also took effect. on monday, however, russia has dramatically increase shipments to asia in recent months to make up for lost business elsewhere. let's bring our was wall street's correspondent jens quarter on this is in new york for us at gens $60.00 a bowel i. i think i certainly need a little bit of help understanding what, what that means is that a high cap is not a low cap. well, i mean a j, g 7 and the european union, they have to really thread a needle on one side. you do not want russian or russia to get too much for their oil on the other side. if the oil price is too low, then a russia actually might slow down a production and better eventually could drive oil prices around the globe. i'm higher, we shouldn't forget russia is of the 2nd biggest oil exporter on the planet. so that's why i get those experts we're looking for the middle ground and that number obviously is 60 and so what's the impac

a small panic room for $15000.00 barrels. it's supposed to protect against armed intruders for at least 30 minutes until law enforcement arrives. when there is something happening, you just close your family and you just press the button and you just wait. the order books are full, giving workers here plenty to do. nothing like a war in a not too distant country to drive a business based on fear. and now you're up to date with d w business. if you want more, of course you can check out our website at dw dot com slash business from me and the team here in ballad. thanks for watching. the kil, consummating cocoa and god eating plantation is and climate change. we're making life difficult for farmers that don't n g o helped out with dis monitoring lubrication systems, and people again learn a game changer for gamez, cocoa farmers eat africa by next on d, w o. the beauty of the mysteries. robert wilson is one of the most important figures in theater worldwide. his productions achieve, culture and feature magical, inexplicable, an

no longer insure auto-tankers that transport russian oil if it is sold at a price higher $60 per barrel at the same time turkey, which passes dozens of similar tankers through the bosphorus, announced that without such insurance it will no longer allow a single vessel to pass through, thus implicating russia or a small pig the biggest controversies last week were about the fact that the ceiling of $60 per barrel is ineffective, because russia already sells its oil at approximately the same price. this week, putin himself confirmed that the proposed ceiling corresponds to the price at which we sell it today. it will not be under any leadership, but putin to the point that 47% of russian oil exports that were previously supplied to europe will now have to be pushed to other countries that will not support the barge and price ceiling, what philosophy is embedded in this ceiling this is not to deprive russia of supplies, but to deprive it of earnings, because if this stick is bent now and if the russians begin to reduce production very rapidly, it will simply lead to a jump in the price the