{"id":59875,"date":"2021-10-14T07:18:40","date_gmt":"2021-10-14T12:18:40","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59875"},"modified":"2021-10-14T07:18:40","modified_gmt":"2021-10-14T12:18:40","slug":"putin-100-oil-is-quite-possible","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59875","title":{"rendered":"Putin: $100 Oil Is \u201cQuite Possible\u201d"},"content":{"rendered":"<h3><a href=\"https:\/\/oilprice.com\/Energy\/Oil-Prices\/Putin-100-Oil-Is-Quite-Possible.html\">Putin: $100 Oil Is \u201cQuite Possible\u201d<\/a><\/h3>\n<div id=\"key_points\" class=\"wysiwyg clear\">\n<ul>\n<li>It is \u201cquite possible\u201d that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday<\/li>\n<li>Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock spikes in prices<\/li>\n<\/ul>\n<\/div>\n<div class=\"articleImageContainer\"><picture class=\"lozad-picture singleArticle__articleImage\" data-iesrc=\"https:\/\/d32r1sh890xpii.cloudfront.net\/article\/718x300\/2021-10-13_cmv4j56ish.jpg\" data-loaded=\"true\"><source srcset=\"https:\/\/d32r1sh890xpii.cloudfront.net\/article\/420x175\/2021-10-13_cmv4j56ish.jpg\" media=\"(max-width: 480px)\" \/><source srcset=\"https:\/\/d32r1sh890xpii.cloudfront.net\/article\/718x300\/2021-10-13_cmv4j56ish.jpg\" media=\"(min-width: 480px)\" \/><img \/><\/picture><\/div>\n<div id=\"article-content\" class=\"wysiwyg clear\">\n<p>It is \u201cquite possible\u201d that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on a\u00a0<a href=\"https:\/\/www.cnbc.com\/2021\/10\/13\/russia-putin.html\" target=\"_blank\" rel=\"noopener\">CNBC panel<\/a>\u00a0at the Russian Energy Week on Wednesday.<\/p>\n<p>Asked by CNBC\u2019s Hadley Gamble whether the U.S. benchmark could hit $100 a barrel, Putin replied \u201cThat is quite possible.\u201d<\/p>\n<p>However, Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock spikes in prices, Putin said.<\/p>\n<p>\u201cRussia and our partners and OPEC + group, I would say we are doing everything possible to make sure the oil market stabilizes,\u201d Putin said, according to a translation.<\/p>\n<p>\u201cWe are trying not to allow any shock peaks in prices. We certainly do not want to have that \u2014 it is not in our interests,\u201d the Russian president added.<\/p>\n<p>The OPEC+ group decided last week to\u00a0<a href=\"https:\/\/oilprice.com\/Energy\/Crude-Oil\/OPEC-Meeting-Ends-With-Minor-Oil-Production-Hike.html\">stick to their planned<\/a>\u00a0400,000 barrels per day (bpd) increase in collective production in November, despite calls from oil importing nations to add more supply and despite an expected additional demand from a gas-to-oil switch due to record high natural gas prices in Europe and Asia.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/hOeoGseOXCc\" width=\"450\" height=\"300\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>Oil prices\u00a0<a href=\"https:\/\/oilprice.com\/Energy\/Energy-General\/A-Cold-Winter-Could-Send-Oil-Prices-Soaring-Past-100.html\">could hit $100<\/a>\u00a0in case of a colder winter, some analysts and investment banks have said in recent weeks. Record-high natural gas prices are forcing some utilities to switch to oil derivatives instead, boosting demand for crude.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Putin: $100 Oil Is \u201cQuite Possible\u201d It is \u201cquite possible\u201d that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[184,23544,5332,25704,14603,857],"class_list":["post-59875","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-crude-oil","tag-crude-oil-price","tag-oilprice-com","tag-opec-2","tag-tsvetana-paraskova","tag-vladimir-putin"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59875"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59875\/revisions"}],"predecessor-version":[{"id":59876,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59875\/revisions\/59876"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}