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The European Union formally confirms the decision of introducing the cap for seaborne oil supplies from Russia, the permanent representation of the Czech Republic said. "Ambassadors have just reached an agreement on price cap for …
The EU countries have previously agreed on a price cap for Russian oil. Reuters writes about this, referring to a European diplomat. According to him, the EU chose $60 per barrel. The diplomat also said that in the future …
European Union states are discussing capping the price of Russian crude oil at $60 a barrel to help secure an agreement among the bloc’s wider membership and the broader Group of Seven, Bloomberg reported citing people familiar with the …
European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil, Reuters reported, citing diplomats. "There is no deal. The legal texts have now been agreed, but Poland still can't agree to the …
Russian flagship crude oil dipped again on Friday, serving as a reminder of the challenges facing European Union diplomats haggling over a price level at which to cap Moscow’s exports. The country’s key Urals grade fell to …
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 …
The European Union will need more time to reach an agreement on the G7 price cap on Russian oil, European Commissioner for Energy Kadri Simson said on Thursday. EU energy ministers will discuss the price cap proposal on Thursday. …
Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil stalled on Wednesday, Bloomberg News reported on Wednesday, citing people familiar with the matter. The EU’s executive arm …
Western countries expect to coordinate and set the price cap for Russian oil after a "technical exercise," the U.S. Department of the Treasury said in a document. "The price cap for Russian oil will be set after a …
The United States and its allies are hoping to establish the price level at which Russian crude oil will be capped, people familiar with the talks told the Wall Street Journal. Officials are talking about setting the price at which …
EU countries had reduced Russian diesel imports by 50,000 bpd to 560,000 bpd by October
Russia does not plan to supply oil or petroleum products to countries that will introduce the price cap, Russian Deputy Prime Minister Alexander Novak told reporters. "Russia confirms its status of a reliable energy supplier on the …
The G7 countries intend to set a price cap for Russian oil "in the coming weeks," the G7 foreign ministers said in a written statement. According to the document, the ministers urge oil-producing countries to increase …
Washington and its allies have reached an agreement on the rules for applying the price cap for Russian oil, The Wall Street Journal reports, citing sources. According to the article, the price cap will not apply to the resale of …
The total deviation of actually received oil and gas revenues from the expected monthly volume and the estimate of the base monthly volume at the end of October 2022 was minus 7.5 billion rubles, the Russian Finance Ministry said on Thursday. …
Russia has become India's top oil supplier, edging past the traditionally dominant suppliers Saudi Arabia and Iraq, according to the energy cargo tracker Vortexa. Russia supplied 946,000 barrels per day …
Vitol is not selling Russian crude oil since April 2022, CEO of the global oil trader Russell Hardy said at the ADIPEC conference. "We are not trading in Russian oil since April," the chief executive said. The trader …
The Biden administration’s effort to roll out a price cap on Russian oil has hit delays, as the Treasury Department tries to ease industry concerns about the novel sanctions regime at the center of the West’s economic battle …
Rosneft continues to work on the Vostok Oil project, the company will be glad to see "its friends", including the Azerbaijani Socar, among the project participants, Rosneft CEO Igor Sechin said on Thursday at the 15th Verona Eurasian …
U.S. officials have been forced to scale back a plan to impose a cap on Russian oil prices, following skepticism by investors and growing risk in financial markets brought on by crude volatility and central bank efforts to tame inflation, …
