European Union diplomats suspended talks on capping Russian oil prices, Reuters reported.
Diplomats had expected a deal to be done on Friday night but positions remained entrenched and the talks were postponed to Monday, according to people familiar with the matter.
The talks have been fraught because at $65, the cap is above the prices that Russia is already accepting for its crude - a level heavily discounted to global benchmarks.
The EU sanctions would bar access to insurance and services for any ship transporting Russian oil. The cap allows access to those services, but only if the crude is purchased below a certain level. The US proposed the price cap earlier this year as an alternative to EU sanctions that were so strict they risked shutting down swaths of production.
