Nan Gonghua
In the context of the energy crisis, the European Union has already been seeking to adopt a price-limiting policy on Russian oil, but for a long time in the past, the situation of European countries has been more complicated, and the degree of dependence on energy is not at the same level. It makes it difficult to reach a united front.
But the current progress may show that this game has achieved good results, and the EU has reached an agreement on this issue. However, after reaching an agreement on this issue, it is obvious that Russia is threatening to cut off the supply of oil. It can be noticed that OPEC may act as Russia’s “assistance” on this issue, because OPEC has already indicated to representatives that it may choose to further reduce oil production. This may further increase the price of crude oil in Europe and the United States.
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