Russia is still shipping millions of oil barrels per day to Asia. Many Asian buyers haven’t joined the so-called Price Cap Coalition and are, so far, doing business as usual with Russian cargoes. The trades […]
Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, The EU and the US went forward with their long-debated, long-telegraphed move to put a price cap on Russian oil at $60 per barrel. By […]
Oil has continued its decline, settling below $80 on Wednesday, at prices not seen since last January. Analysts point to weak demand, amid fears of a global economic slowdown, or even recession. European benchmark Brent […]
The global oil market runs the risk of suffering from massive price shocks next week as the European Union’s sanctions on Russia kick into effect, according to a new report in the Economist on Friday. […]
<img src=”” title=”Daily Memo: EU Leaders Eye Deal on Russian Oil Price Cap” /> Home Analysis Daily Memo: EU Leaders Eye Deal on Russian Oil Price Cap Inching closer. EU leaders have agreed tentatively on […]
WASHINGTON, Nov 4 (Reuters) – The price cap on Russian oil exports to be imposed by G7 countries and Australia next month will apply only to seaborne cargoes through the first landed sale and will […]
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