Post Tagged with: "price cap"

Source: Reuters

Oil prices fall more than $2 on Russian oil price cap talks

US News


LONDON – Oil prices fell by more than $2 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading.

 

Brent

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

Column: Global recession a bigger risk to Russia’s oil revenue than price cap

Nasdaq


LONDON – Russia’s oil export revenues are at much greater risk from a global economic recession than the price cap being planned by the United States and the European Union.

 

Recession is a sure-fire way to reduce Russia’s …

Source: Oil Price

The EU fails to agree on a natural gas price cap

Oil Price


The leaders of the European Union once again failed to reach an agreement on a cap on gas prices, ending the latest round of discussions in the small hours of Friday with a decision to keep exploring options, …

Source: Reuters

Russia suggests a price cap on U.S. LNG

Oil Price


The U.S. should set a price cap on U.S. LNG going to Europe, as American gas is being delivered to Europe at prices four times higher than the price for domestic consumption, Russian Deputy Prime Minister Alexander Novak …

October 14, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: Oil Price

The U.S. will not use secondary sanctions to enforce a Russian oil price cap

Oil Price


Secondary sanctions will not be imposed on financial institutions or insurers providing transportation services for Russian oil, a U.S. Treasury Department official said on Monday.

 

The G7 and its Western allies have been studying for weeks the …