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EU Agrees To $60 Oil Price Cap | OilPrice.comThe European Union tentatively agreed to set the price cap on Russian crude oil at $60 per barrel, an EU diplomat told Reuters on Thursday.
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How the West’s price cap on Russian oil could roil energy marketsTraders expect a damp squib; they could get dynamite instead
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Price cap on Russian crude poses a conundrum for Opec+\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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The West’s proposed price cap on Russian oil is no magic weaponSince the war began in February the West has grappled with a dilemma. How should it cut Russia’s fossil-fuel earnings, without reducing the global supply of oil and fuelling inflation that hurts consumers around the world?
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