"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-10-25T15:22:51Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2022/10/25/saudi-arabia-ambassador-princess-reema-us-russia-opec-oil-contd-ctw-vpx.cnn"
data-branding-key=""
data-video-slug="saudi arabia ambassador princess reema us russia opec oil contd ctw vpx"
data-first-publish-slug="saudi arabia ambassador princess reema us russia opec oil contd ctw vpx"
data-video-tags="becky anderson,business and industry sectors,business, economy and trade,continents and regions,eastern europe,embassies and consulates,energy and utilities,europe,government and public administration,government bodies and offices,government departments and authorities,international relations,international relations and national security,middle east,middle east and north africa,misc people,north america,oil and gas industry,russia,saudi arabia,state departments and diplomatic services,the americas,united states"
data-details="">
Video Ad Feedback
CNN anchor asks Saudi ambassador to US: Is the kingdom siding with Russia?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-10-25T15:22:51Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2022/10/25/saudi-arabia-ambassador-princess-reema-us-russia-opec-oil-contd-ctw-vpx.cnn"
data-branding-key=""
data-video-slug="saudi arabia ambassador princess reema us russia opec oil contd ctw vpx"
data-first-publish-slug="saudi arabia ambassador princess reema us russia opec oil contd ctw vpx"
data-video-tags="becky anderson,business and industry sectors,business, economy and trade,continents and regions,eastern europe,embassies and consulates,energy and utilities,europe,government and public administration,government bodies and offices,government departments and authorities,international relations,international relations and national security,middle east,middle east and north africa,misc people,north america,oil and gas industry,russia,saudi arabia,state departments and diplomatic services,the americas,united states"
data-details="">
Video Ad Feedback
CNN anchor asks Saudi ambassador to US: Is the kingdom siding with Russia?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-09-13T15:28:17Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/09/13/chevron-ceo-mike-wirth-climate-change-harlow-vpx.cnnbusiness"
data-branding-key="perspectives-no-logo"
data-video-slug="chevron ceo mike wirth climate change harlow vpx"
data-first-publish-slug="chevron ceo mike wirth climate change harlow vpx"
data-video-tags="banking, finance and investments,business and industry sectors,business, economy and trade,chevron corp,climate change,companies,company activities and management,company structure and ownership,energy and environment,energy and resources,energy and utilities,environment and natural resources,environmental regulation and policy,environmentalism,financial markets and investing,misc people,poppy harlow,securities trading,shareholders,stock markets"
data-details="">
Video Ad Feedback
This is what Chevron's CEO thinks about climate change
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-31T22:32:47Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/31/americans-face-high-utility-bills-yurkevich-dnt-lead-vpx.cnn"
data-branding-key=""
data-video-slug="americans face high utility bills yurkevich dnt lead vpx"
data-first-publish-slug="americans face high utility bills yurkevich dnt lead vpx"
data-video-tags="severe weather,weather,business and industry sectors,business, economy and trade,economic conditions,economic indicators,economy and economic indicators,energy and utilities,inflation"
data-details="">
Video Ad Feedback
'I can't withstand the heat': Americans behind on utility bills face extreme weather
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-26T14:30:15Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/26/european-union-reducing-gas-consumption-russia-supply-winter-firstmove-vpx.cnn"
data-branding-key=""
data-video-slug="european union reducing gas consumption russia supply winter firstmove vpx"
data-first-publish-slug="european union reducing gas consumption russia supply winter firstmove vpx"
data-video-tags="business and industry sectors,business, economy and trade,energy and utilities,energy consumption,european union,government organizations - intl,natural gas,oil and gas industry,clare sebastian,continents and regions,eastern europe,europe,misc people,russia,ukraine"
data-details="">
Video Ad Feedback
EU countries agree to reduce gas consumption to prep for winter
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-21T15:08:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/21/international-energy-agency-european-gas-consumption-firstmove-intl-ldn-vpx.cnn"
data-branding-key=""
data-video-slug="international energy agency european gas consumption firstmove intl ldn vpx"
data-first-publish-slug="international energy agency european gas consumption firstmove intl ldn vpx"
data-video-tags="business and industry sectors,business, economy and trade,continents and regions,energy and utilities,energy and utility policy,energy consumption,europe,government organizations - intl,international energy agency"
data-details="">
Video Ad Feedback
IEA director says Europe needs to lower gas consumption to prepare for winter
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-19T17:25:36Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/19/france-finance-minister-bruno-le-maire-russia-europe-gas-supply-uae-ctw-vpx.cnn"
data-branding-key=""
data-video-slug="france finance minister bruno le maire russia europe gas supply uae ctw vpx"
data-first-publish-slug="france finance minister bruno le maire russia europe gas supply uae ctw vpx"
data-video-tags="becky anderson,continents and regions,eastern europe,europe,france,middle east,middle east and north africa,misc people,russia,united arab emirates,western europe"
data-details="">
Video Ad Feedback
French finance minister says country prepping for cutoff of Russian gas supply
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-05T19:03:29Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/05/hungary-foreign-minister-russian-energy-purchase-ukraine-amanpour-intl-vpx.cnn"
data-branding-key=""
data-video-slug="hungary foreign minister russian energy purchase ukraine amanpour intl vpx"
data-first-publish-slug="hungary foreign minister russian energy purchase ukraine amanpour intl vpx"
data-video-tags="christiane amanpour,continents and regions,eastern europe,europe,government and public administration,government bodies and offices,government departments and authorities,hungary,international relations,international relations and national security,misc people,russia,state departments and diplomatic services,ukraine,russia-ukraine conflict,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Hungarian foreign minister on why the country is still buying Russian energy
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-10T15:02:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/10/low-price-gas-station-affil-vpx.ktvk-kpho"
data-branding-key="good-stuff"
data-video-slug="low price gas station affil vpx"
data-first-publish-slug="low price gas station affil vpx"
data-video-tags="arizona,continents and regions,north america,phoenix,southwestern united states,the americas,united states"
data-details="">
Video Ad Feedback
Hear why this gas station owner is selling gas at a loss
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-23T02:00:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/23/fuel-prices-gas-breakdown-js-orig.cnn"
data-branding-key=""
data-video-slug="fuel prices gas breakdown js orig"
data-first-publish-slug="fuel prices gas breakdown js orig"
data-video-tags="banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,economic conditions,economic indicators,economy and economic indicators,energy and resources,energy and utilities,energy commodities,energy economic indicators,financial markets and investing,inflation,oil and gas industry,oil prices,price increases"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-08T15:11:51Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/08/oecd-secretary-general-global-economic-report-russia-oil-embargo-inflation-firstmove-vpx.cnn"
data-branding-key=""
data-video-slug="oecd secretary general global economic report russia oil embargo inflation firstmove vpx"
data-first-publish-slug="oecd secretary general global economic report russia oil embargo inflation firstmove vpx"
data-video-tags="business, economy and trade,celebrities,continents and regions,developing countries,eastern europe,economic conditions,economic development,economic indicators,economy and economic indicators,europe,inflation,julia chatterley,non-profit and ngo organizations,organisation for economic co-operation and development,russia,russia-ukraine conflict,trade and development,ukraine,unrest, conflicts and war"
data-details="">
Video Ad Feedback
OECD secretary-general explains global cost of the Russian oil embargo
OPEC and its allies decided Sunday to stick with their existing policy of curtailing oil output, just hours before new Western sanctions on Russian crude exports come into force.
The Organization of the Petroleum Exporting Countries, and other major oil producers including Russia, said they would continue to restrict supply by 2 million barrels per day, a policy set in October that started last month and is due to run through the end of 2023.
In a statement, OPEC said Sunday’s meeting — held via video conference — had reaffirmed the decision taken in October, adding that the group was ready to meet at any time to “address market developments if necessary.”
The cuts agreed in October, the biggest since the start of the pandemic, drew criticism from the United States. The Biden administration called them “shortsighted” and said they would hurt low- and middle-income countries by pushing energy prices higher.
Since then, oil prices have instead pulled back, as traders have focused on how ongoing coronavirus lockdowns in China and global recession fears could hit demand.
Markets could be volatile in the coming days, however. Europe’s ban on importing oil from Russia shipped by sea kicks in on Monday, injecting extra uncertainty into the outlook for energy supply.
G7 nations, the European Union and Australia agreed Friday to impose a price cap of $60 a barrel on Russian oil shipped to other countries that have not adopted an embargo. The move, which also takes effect Monday, is aimed at depriving the Kremlin of revenue while avoiding a price shock by keeping Russian oil flowing to some markets.
Moscow has previously threatened to retaliate by cutting off oil supply to countries that adhere to the price cap.
Ukrainian President Volodymyr Zelensky called the decision to set the price cap at $60 a “weak position.”
“The logic is obvious: if the price limit for Russian oil is $60 instead of, for example, $30, which Poland and the Baltic countries talked about, then the Russian budget will receive about a hundred billion dollars a year,” Zelensky said in his nightly address on Saturday. “This money will go not only to the war and not only to Russia’s further sponsoring of other terrorist regimes and organizations.”
The International Energy Agency expects Russian crude production to be curtailed by some 2 million barrels of oil per day by the end of the first quarter of next year, its chief Fatih Birol told Reuters last week.
