PDF iconDownload This Paper
Open PDF in Browser
Add Paper to My Library
Permalink
Using these links will ensure access to this page indefinitely
Copy URL
Copy DOI

The Price Cap on Russian Oil: A Quantitative Analysis

41 Pages Posted: 5 Jul 2023

See all articles by Henrik Wachtmeister

Henrik Wachtmeister

Uppsala University - Department of Earth Sciences

Johan Gars

The Royal Swedish Academy of Sciences - Beijer International Institute of Ecological Economics

Daniel Spiro

Uppsala University, Dept. of Economics

Date Written: July 1, 2023

Abstract

We analyze the price cap on Russian oil, using parsimonious modeling and detailed Russian oil-field data. The cap implies Russian producer losses and Russian consumer benefits, with substantial net losses. India and China are the main beneficiaries among oil importers. A price cap of 50 USD/bbl maximizes oil-importers’ benefits, but every reduction of 10 USD imposes an additional

Keywords: Energy warfare, oil, Russia, Ukraine, EU, price cap, export restriction, sanctions

JEL Classification: E61, F13, H56, H77, Q4

Suggested Citation

Wachtmeister, Henrik and Gars, Johan and Spiro, Daniel, The Price Cap on Russian Oil: A Quantitative Analysis (July 1, 2023). Available at SSRN: https://ssrn.com/abstract=4497485 or http://dx.doi.org/10.2139/ssrn.4497485

Henrik Wachtmeister

Uppsala University - Department of Earth Sciences

Johan Gars

The Royal Swedish Academy of Sciences - Beijer International Institute of Ecological Economics ( email )

The Royal Swedish Academy of Sciences
P.O. Box 50005
S-104 05 Stockholm, SE-104 05
United States

Daniel Spiro (Contact Author)

Uppsala University, Dept. of Economics ( email )

Box 513
Uppsala, 751 20
Sweden

PDF iconDownload This Paper
Open PDF in Browser

Do you have a job opening that you would like to promote on SSRN?

Place Job Opening

Paper statistics

Downloads
318
Abstract Views
1,860
Rank
217,573
44 References
PlumX Metrics

Related eJournals