Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | The great gamble on the Russian oil price cap -Prashanth Perumal    </title>
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The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run

The Group of Seven (G7) countries, the European Union and Australia have imposed a price..."/>
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The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run

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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run</em></p><p style="text-align:justify">The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that dominate the global oil shipping and insurance business will be banned from offering their services to ship or insure Russian oil that is purchased at more than $60 per barrel. The price cap is an attempt by the West to cut Russia&rsquo;s oil revenues without affecting oil supplies.</p><p style="text-align:justify">It should be noted that since the beginning of the Russia-Ukraine war, the West has been trying to limit Russia&rsquo;s energy revenues. At the same time, since Russia is a major oil producer that contributes more than 10% of overall global supplies, the West has been wary of imposing sanctions that could cause oil supply from Russia to fall steeply and send oil prices shooting up. In fact, it is estimated that crude oil prices could rise to as much as $200 per barrel if oil supply from Russia were to be disrupted by Western sanctions.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece" title="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece" class="re" target="_blank">The Hindu, 15 December, 2022, https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece</a><div class="clear"></div>
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The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run

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    <h1 class="cat-box-title">The great gamble on the Russian oil price cap -Prashanth Perumal</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run</em></p><p style="text-align:justify">The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that dominate the global oil shipping and insurance business will be banned from offering their services to ship or insure Russian oil that is purchased at more than $60 per barrel. The price cap is an attempt by the West to cut Russia&rsquo;s oil revenues without affecting oil supplies.</p><p style="text-align:justify">It should be noted that since the beginning of the Russia-Ukraine war, the West has been trying to limit Russia&rsquo;s energy revenues. At the same time, since Russia is a major oil producer that contributes more than 10% of overall global supplies, the West has been wary of imposing sanctions that could cause oil supply from Russia to fall steeply and send oil prices shooting up. In fact, it is estimated that crude oil prices could rise to as much as $200 per barrel if oil supply from Russia were to be disrupted by Western sanctions.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece" title="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece" class="re" target="_blank">The Hindu, 15 December, 2022, https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece</a><div class="clear"></div>
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        LATEST NEWS UPDATES | The great gamble on the Russian oil price cap -Prashanth Perumal    </title>
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The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run

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The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run

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    <h1 class="cat-box-title">The great gamble on the Russian oil price cap -Prashanth Perumal</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The West&rsquo;s attempt to cut Russia&rsquo;s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run</em></p><p style="text-align:justify">The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that dominate the global oil shipping and insurance business will be banned from offering their services to ship or insure Russian oil that is purchased at more than $60 per barrel. The price cap is an attempt by the West to cut Russia&rsquo;s oil revenues without affecting oil supplies.</p><p style="text-align:justify">It should be noted that since the beginning of the Russia-Ukraine war, the West has been trying to limit Russia&rsquo;s energy revenues. At the same time, since Russia is a major oil producer that contributes more than 10% of overall global supplies, the West has been wary of imposing sanctions that could cause oil supply from Russia to fall steeply and send oil prices shooting up. In fact, it is estimated that crude oil prices could rise to as much as $200 per barrel if oil supply from Russia were to be disrupted by Western sanctions.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece" title="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece" class="re" target="_blank">The Hindu, 15 December, 2022, https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece</a><div class="clear"></div>
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The great gamble on the Russian oil price cap -Prashanth Perumal

Published on Dec 15, 2022   Modified on Dec 16, 2022

-The Hindu The West’s attempt to cut Russia’s oil revenues without drastically affecting global oil supplies may be too fine a balancing act in the longer run The Group of Seven (G7) countries, the European Union and Australia have imposed a price cap on Russian sea-borne oil to make it harder for Russia to fund its war against Ukraine. Under the plan, which took effect on December 5 , Western companies that dominate the global oil shipping and insurance business will be banned from offering their services to ship or insure Russian oil that is purchased at more than $60 per barrel. The price cap is an attempt by the West to cut Russia’s oil revenues without affecting oil supplies. It should be noted that since the beginning of the Russia-Ukraine war, the West has been trying to limit Russia’s energy revenues. At the same time, since Russia is a major oil producer that contributes more than 10% of overall global supplies, the West has been wary of imposing sanctions that could cause oil supply from Russia to fall steeply and send oil prices shooting up. In fact, it is estimated that crude oil prices could rise to as much as $200 per barrel if oil supply from Russia were to be disrupted by Western sanctions. Please click here to read more.

The Hindu, 15 December, 2022, https://www.thehindu.com/opinion/op-ed/the-great-gamble-on-the-russian-oil-price-cap/article66266116.ece

Tagged with: Brent Crude Oil Crude Petroleum Imports Group of Seven European Union Australia Russia-Ukraine War oil price cap shipping insurance

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