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Moscow is considering three possible options to respond to the introduction of a price cap on Russian oil by the EU and G7, a Russian newspaper reported. The news outlet cited several unnamed sources close to the government as saying …
According to the London Stock Exchange ICE trading data, Brent crude fell below $80 per barrel. . Thus, at 19:59 (Moscow time), the price of February futures for Brent oil fell to $79,99 per barrel (a 3,25% fall). At …
A price cap on Russian oil being enforced by the European Union will boomerang on Europe itself, the Global Times reported on Monday, citing Chinese experts. Instead of envisioning a soothing impact on energy prices, European countries …
Japan is unsure whether the price cap for Russian oil will be efficient, but believes the measure will reduce Russian revenue from oil exports, Japan's Chief Cabinet Secretary Hirokazu Matsuno said a news conference on Monday. …
On Monday, the EU’s embargo on Russian oil shipped by sea comes into effect, under which Europe will officially stop importing seaborne Russian oil and will try to introduce an oil price cap at $60 per barrel for countries not party to the …
Russia will not export its oil under the price cap, even if it has to cut production, Russian Deputy Prime Minister Alexander Novak said on Sunday. "We will sell oil and oil products to those countries, which will work with us on …
The G7 countries, the European Union and Australia have agreed to impose a $60 per barrel price cap for seaborne oil from Russia starting from December 5 for their territories and ships, the European Commission said in a statement and explanatory …
Members of the Group of Seven (G7) and Australia have agreed to set the price cap on Russian oil at the level of $60 per barrel, the countries said in a joint statement. "The G7 and Australia, as current members of the Price Cap …
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 …
after the U.S. Administration issued a license allowing the U.S. supermajor to extract and export oil from the South American country
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 …
Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from G7 nations was considered higher than the current trading levels, alleviating concerns over tight supply. 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
Oil prices inched higher on Tuesday as the dollar eased, but global recession worries and concerns about China’s rising COVID-19 case numbers denting demand from the world’s top crude oil importer weighed on sentiment. Brent …
Group of Seven nations aim to announce at what level they will set a price cap on Russian crude oil next Wednesday, according to people familiar with the matter. The Biden administration is expected to privately share a proposed price …
Oil dropped by about 2% on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to U.S. interest rates. Brent crude settled at $87.62 a barrel, falling $2.16, or 2.4%. U.S. West …
