Russian oil price cap

G7 nations, EU, Australia agree on $60 per barrel price cap for Russian oil

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G7 nations, EU, Australia agree on per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day. The EU agreed the price after holdout Poland gave its support, paving … Read more

Russian oil price cap will give buyers leverage: US official

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Russian oil price cap will give buyers leverage: US official

A price cap that Group of Seven (G7) countries want to impose on Russian oil will provide buyers with leverage to get better prices, a U.S. Treasury official said on Wednesday. The United States has held “positive dialogue” with China and India, two major importers of Russian crude, Ben Harris, assistant secretary for economic policy … Read more