Post Tagged with: "G7"

Source: Reuters

G7 Russian oil price cap evolves from revenue squeeze to market anchor


WASHINGTON – When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia’s war machine, while avoiding a devastating oil price …

Source: Oil Price

Oil executives warn G7 price cap could lead to stranded tankers

Oil Price

Oil cargo could soon be stranded at sea if G7 leadership fails to get insurers details regarding the upcoming—but undefined—price cap mechanism on Russian crude oil, senior industry executives told Reuters this week.


The price cap plan—although …

Source: Reuters

The G7’s price cap on Russian oil begins to take shape


WASHINGTON – The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s ability to fund its invasion of Ukraine, a plan analysts say could work in the long term …

Source: Reuters

G7 calls on OPEC to play key role to ease global energy supplies


Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global energy crunch brought on by the Russian invasion of Ukraine, even as they announced a breakthrough commitment to phase out …

EU to Implement Counter-Measures Against U.S. Tariffs

EU to Implement Counter-Measures Against U.S. Tariffs

From Reuters

Europe will implement counter-measures against U.S. tariffs on steel and aluminum just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret about President Donald Trump’s abrupt decision to withdraw support for a G7 communique.

Trump’s announcement …

June 11, 2018 - 11:41 am Closing Bell Story‎, Energy News