Oil price cap

Oil supply won't be affected by stricter price cap enforcement - IEA

The G7, the European Union and Australia agreed to impose a $60-per-barrel price cap on Russian seaborne crude oil and also set an upper price limit for Russian oil products to deprive Moscow of revenues for its invasion of Ukraine.

May 21, 2023
May 21, 2023

Oil supply won't be affected by stricter price cap enforcement - IEA

The G7, the European Union and Australia agreed to impose a $60-per-barrel price cap on Russian seaborne crude oil and also set an upper price limit for Russian oil products to deprive Moscow of revenues for its invasion of Ukraine.