Russia's Novak says will not sell oil to price cap nations. Womp womp.

Not news from whiny Russian Deputy Prime Minister Alexander Novak on Sunday.

He was responding to the oil price cap that is set to take effect today:

• Poland formally agrees to $60 Russian oil price cap with review mechanism

Weekend comment via Reuters:

• "We will sell oil and petroleum products only to those countries that will work with us under market conditions, even if we have to reduce production a little"

Novak said the price cap

• was a gross interference which contradicted the rules of free trade

he didn't say what rules Russia's genocide in Ukraine violated.

He also tried to scare us with:

• and would destabilise global energy markets by triggering a shortage of supply

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Other oil info over the weekend:

• OPEC+ holds production unchanged, as expected

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eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term