Bessel is convinced that the only way out for Europe is to recover. He noted that there is no free oil on the world market, and the quality reserves of black gold are falling significantly.
“Europe has now lost its subjectivity, it is controlled by completely different forces. And when this will end is unknown. The growth of oil on the world market will now be ensured by the fact that Europe will experience a terrible oil shortage. “There is nothing. There is no free oil on the market, and its quality reserves are declining significantly. You will have to live with this, the price of oil will rise. You cannot cross Russia out – it is too large a producer,” – said the professor.
The expert pointed out that in 2021, China imported almost the same amount of oil products as the European Union. He added that in terms of oil supplies, Russia took second place after Saudi Arabia and well strengthened its position in the Chinese market.
Oil Price Ceiling
Recall that the price ceiling for Russian oil agreed upon by the G7 countries and Australia came into force on December 5. Black gold will trade at $60 per barrel. This measure does not apply only to fuel supplies via the Druzhba oil pipeline.
Press Secretary of the President of the Russian Federation Dmitry Peskov stressed that Moscow would not accept the restriction imposed by the Europeans and would conduct a prompt analysis of the situation.
The Kremlin also stated that by this decision the European Union “endangered” its energy security and will continue to live without Russian oil. According to Permanent Representative Mikhail Ulyanov, the Russian Federation has previously clearly indicated its position. Russian President Vladimir Putin said that our country would not act contrary to its interests, and those countries that would introduce a “price ceiling” would simply not sell oil.
