FEATURED THOUGHT LEADERSHIP

Interactive: Platts Periodic Table of Oil – 4th edition adds carbon intensity data

Read More
CRUDE OIL
News and Insight

Platts to reflect WTI Midland in Dated Brent, Cash BFOE from June 2023

THE LATEST

Can the West enforce a global price cap on Russian oil?

As Russia continues its invasion of Ukraine, the Biden administration is contemplating ways to starve the Russian economy of revenues, the bulk of which come from Russian oil and energy exports.As part of that effort, the US Treasury Department has been lobbying European and Asian leaders to support a price cap on Russian oil. Details of how that would be structured and enforced have been scant, but the idea is that a price cap would allow Russian crude supplies to continue to flow to the global marketplace but at a low enough price that Russia would not reap any benefits. Senior editor Jasmin Melvin asked several oil market experts to weigh in on one question: Can the West enforce a global price cap on Russian oil, and will it result in lower prices?We heard from:Helima Croft, head of commodities strategy at RBC Capital Markets (2:29)Kevin Book, managing director at ClearView Energy Partners (3:40)Giovanni Staunovo, commodity strategist at UBS (5:00)Christof Rühl, senior research fellow at Columbia University's Center on Global Energy Policy (6:37)Brenda Shaffer, senior energy adviser at the Foundation for Defense of Democracies (10:24)Ben Cahill, senior fellow at the Center for Strategic and International Studies (12:43)Paul Sheldon, chief geopolitical adviser for Platts Analytics (14:03)Stay tuned after the interview for a special message from Capitol Crude host Meghan Gordon, and for the Market Minute with Starr Spencer.Related content:US' Yellen presses key Asian importers to support price cap on Russian oil (premium content)US, EU could waive some Russia sanctions if oil price cap approved: YellenEnergy, policy experts float alternative approaches to energy sanctions on RussiaMore listening options:

MORE

Podcasts

Russia’s fuel riddle, wrapped in a mystery, inside an enigma

Podcasts

Russia’s fuel riddle, wrapped in a mystery, inside an enigma

Energy, Oil, Crude Oil, Refined Products
Podcasts

How is Europe replacing Russian crude and why have Urals exports increased?

Podcasts

How is Europe replacing Russian crude and why have Urals exports increased?

Energy, Oil, Crude Oil
Podcasts

Looks like the US has forgotten about Canadian oil, eh?

Podcasts

Looks like the US has forgotten about Canadian oil, eh?

Energy, Oil, Crude Oil
News and Insight

Russia losing OPEC+ clout as Ukraine war weakens oil market role

News And Insight

Russia losing OPEC+ clout as Ukraine war weakens oil market role

Energy, Oil, Crude Oil
News and Insight

Interactive: How do US SPR drawdowns impact oil prices?

News And Insight

Interactive: How do US SPR drawdowns impact oil prices?

Energy, Oil, Crude Oil
Podcasts

Goldman’s Currie sees supply constraints extending oil price boom

Podcasts

Goldman’s Currie sees supply constraints extending oil price boom

Energy, Oil, Crude Oil
News and Insight

Saudi Aramco June OSPs likely to drop as sour crude complex weakens

News And Insight

Saudi Aramco June OSPs likely to drop as sour crude complex weakens

Energy, Oil, Crude Oil
News and Insight

Fuel for Thought: Tight oil market myth becoming reality

News And Insight

Fuel for Thought: Tight oil market myth becoming reality

Energy, Oil, Crude Oil
News and Insight

Global energy security concerns likely drive supply expansion, diversification: Schlumberger CEO

News And Insight

Global energy security concerns likely drive supply expansion, diversification: Schlumberger CEO

Energy, Oil, Crude Oil
News and Insight

Oman data: Monthly oil production rises 12.2% in March amid higher OPEC+ quota

News And Insight

Oman data: Monthly oil production rises 12.2% in March amid higher OPEC+ quota

Energy, Oil, Crude Oil
Podcasts

Heavy hunting: The search for alternative heavy sour crudes in the global market

Podcasts

Heavy hunting: The search for alternative heavy sour crudes in the global market

Energy, Oil, Crude Oil
News and Insight

Fuel for Thought: Long a promise, Argentina’s Vaca Muerta is finally showing signs of big growth

News And Insight

Fuel for Thought: Long a promise, Argentina’s Vaca Muerta is finally showing signs of big growth

Energy, Oil, Crude Oil
Videos

Watch: Market Movers Europe, April 11-15: Energy market sees new coal sanctions, reports expected from OPEC and the IEA

Videos

Watch: Market Movers Europe, April 11-15: Energy market sees new coal sanctions, reports expected from OPEC and the IEA

Energy, Oil, Crude Oil
Videos

Market Movers Americas, April 11-15: War in Ukraine keeps pressure on US commodity logistics

Videos

Market Movers Americas, April 11-15: War in Ukraine keeps pressure on US commodity logistics

Energy, Coal, Electric Power, Natural Gas, Natural Gas (North American), Oil, Crude Oil, Shipping, Tankers
News and Insight

Japan to tap national oil reserves for first time in IEA joint release

News And Insight

Japan to tap national oil reserves for first time in IEA joint release

Energy, Oil, Crude Oil