The for-sixty-dollar question: a cap on Russian oil
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 5 December 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
Shippers and insurers of Russian crude are now subject to a $60-per-barrel price cap. That may spark Russian production cuts—or an oil-market realignment that undercuts the cap. Senegal might be out of the World Cup, but a visit to its football-academy machinery reveals why it will continue to create star players. And why it’s harder to get deodorant in Manhattan.
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Transcript
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| 1:06.8 | Hello and welcome to the Intelligence from The Economist. |
| 1:10.2 | Today, from London, I'm your host, Jason Palmer. |
| 1:13.5 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 1:21.5 | Senegal's national football team is headed home from the World Cup. |
| 1:26.0 | But the country's football culture is very much on the up. |
| 1:29.4 | We visit a training academy that's setting an example for how to gather and train the plentiful talent. |
| 1:36.8 | And it's getting increasingly difficult to buy deodorant in New York City. |
| 1:42.1 | Our intrepid correspondent presses ahead anyway, |
| 1:45.5 | finding out something about the changing nature of organized crime in America. |
| 1:58.7 | First up, though. |
| 2:12.6 | First up, though. Today, an agreement designed to crimp the money going to Russia comes into effect. Leaders had been wrangling for weeks and weeks trying to stem the flow of oil revenues that continue even after nine months |
| 2:18.9 | of war to fill Russia's coffers. What the G7 and European Union have come up with isn't all |
| 2:25.3 | that drastic. The most significant measure is a cap on the price that can be paid for Russian oil |
| 2:30.4 | arriving by sea. Russia's foreign ministry said it was more than a mechanism outside the market. |
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