Today news
About the same in other media
U.S., Allies Negotiating Price Level for Russian Oil Cap
Reading now: 901
WASHINGTON—The U.S. and its partners are rushing to hammer out an agreement on a level for a price cap on Russian oil in the next couple of weeks as they seek to contain global oil costs in the wake of a production cut by the Organization of the Petroleum Exporting Companies and its Russia-led allies.
The Group of Seven large advanced democracies, along with Australia, are working to put into place a plan ahead of a Dec. 5 deadline that would bar the use of financing, insuring and shipping services for Russian oil unless the oil is sold below a set price limit.
Read more on wsj.comAbout this in other media
Ukraine war: 'Marshall Plan' for Kyiv, Russian 'spies' in Norway, US mulls sending new air defences euronews.com /2 years ago
Iran sanctions UK in tit-for-tat exchange over death of Mahsa Amini euronews.com /2 years ago
Biden set to release oil from emergency reserve in bid to lower US fuel prices theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
