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No Deal On Russian Oil Price Cap As Deadline Looms | OilPrice.comPoland, Estonia, and Lithuania are pushing for the price cap to be set at $30 per barrel, $10 more than the estimated production costs for Russia.
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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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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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Oil Price Cap Unlikely To Hurt Russia’s Revenue | OilPrice.comSkepticism about the effectiveness of the G7 oil price cap for Russian crude is growing, and several EU countries are in disagreement about the price level of the cap
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China And India Are Buying Russian Crude At A 40% Discount | OilPrice.comOn Friday, the EU once again failed to agree upon a price cap for Russian crude oil, with several members suggesting that the proposed $60-$70 per barrel range is too high.
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Source: Don’t Expect Any Oil Supply Surprises From The Sunday OPEC+ Meeting | OilPrice.comThe fact that OPEC+ has decided to meet virtually this Sunday suggests surprises with regard to oil supply policy are unlikely, Reuters reported today, citing an unnamed source close to the group.
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