• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Japan called «offensive» the establishment of a price ceiling for oil


December, 02 2022
watermark Economic news

According to the materials of the Japanese portal Yahoo News Japan, the decision of Western countries to introduce a ceiling on prices for Russian oil is dictated by the desire to protect themselves from price spikes for this resource, which is an «offensive» and unacceptable distortion of the market.


According to the authors of the article, the construction of such restrictions raises many questions and conflicting feelings. The restriction of export prices aims to reduce the volatility of oil prices and protect Europe and the United States from surges, which «will not withstand further increases in energy prices.» And this is in a situation where the rest of the world is suffering from inflation.


At the same time, the way developed countries «jointly distort the market is simply insulting» and this decision will lead to negative consequences in the world.


At the same time, a number of analysts believe that the introduction of a price ceiling may lead to an increase in Russia's income from the sale of energy resources. If the G7 countries fail to reach an agreement with the rest of the European countries, they will have to impose an embargo on sea imports of Russian oil, which may lead to an increase in Russian revenues.


Top Top