, Columnist
Russia Won’t Sell Price-Capped Crude. Period
It doesn’t matter how high the US sets the Russian oil peg, for Moscow it’s a political decision not to sell.
An oil tanker loading crude at Kozmino port in the Russian Far East.
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Hello and welcome to Elements, our daily energy and commodities newsletter. Oil Strategist Julian Lee argues that Russia President Vladimir Putin will smash any price ceiling imposed by the US and allies by simply not selling oil to them. And to see just how far the clean-energy transition is getting, check out the graphics in this deep dive. If you haven’t yet signed up to get Elements directly into your inbox, you can do that here.
The level at which the US and its allies set their price cap on Russian crude exports is irrelevant.
