During an appearance on TVR News, Eugenia Gusilov provided technical insights into two major measures entering into force on December 5: the European embargo on seaborne imports of Russian crude and the G7 $60/barrel price cap. The primary objective is to limit Russian revenues without destabilizing the global oil market, where Russia accounts for an 11% market share as the third-largest global producer.

The discussion also explored factors that could drive prices higher, including the exceptional context of US aid and strategic reserve releases, alongside OPEC's decision to restrict production by 2 million barrels per day through 2023.

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