Putin: We will think about oil output cuts

• Decree responding to price cap will be announced in coming days
• Decision on oil output cuts is not taken yet
• We will not sell oil to those who proposed price caps
• We will think about oil output cuts
• Nothing would remain of any enemy who decides to attack Russia with nuclear arms

Putin has officially put output cuts on the table. WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term rose to a session high of $72.85 on these comments.

Russia's energy minister said they have three options Options Options represent a contract that enables investors to buy or sell underlying instruments such as security, exchange-traded funds (ETFs) or indices at a certain price over a certain period of time. Buying and selling options can be done on the options market, which trades contracts based on securities. When trading options, the price of the option is thus a percentage of the underlying asset or security.Investors who purchase an option are able to buy shares at a later time and are known as a ca Options represent a contract that enables investors to buy or sell underlying instruments such as security, exchange-traded funds (ETFs) or indices at a certain price over a certain period of time. Buying and selling options can be done on the options market, which trades contracts based on securities. When trading options, the price of the option is thus a percentage of the underlying asset or security.Investors who purchase an option are able to buy shares at a later time and are known as a ca Read this Term to respond on the price cap and I suspect those three are sitting on Putin's desk right now. He didn't say what they were but a separate report says they are:

1. A complete embargo on supplies to those who supported the price cap, even if they buy Russian oil via third countries
2. A ban on any exports under contract whose terms include the price cap, regardless of the buyer
3. A price floor set as a discount to brent

Update: here is the video (with english translation) of Putin's comments. To me he doesn't sound too eager to cut output and says the cap "is not really that important" and he says it will be announced in the coming "weeks" not "days" per the Reuters translation however I'm told he did actually say 'days'.

‘Don’t worry about that’ – Putin dismisses oil price cap concerns pic.twitter.com/rTjNmj48kl

— RT (@RT_com) December 9, 2022