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G7 Caps Russian Oil Price

Web News 5 December 2022 479 0

Oil prices have risen after major producers agreed to continue to cut output and the G7 and its allies agreed to cap the price of Russian oil. Brent crude rose by about 0.6% to above $86 a barrel on Monday morning. On Friday, the G7 agreed to cap the price of Russian oil at $60 […]Continue Reading

Foreign

G7 Leaders Agree to Place Price Cap on Russian Oil

Web News 29 June 2022 322 0

The G7 leaders have agreed to explore price caps to reduce soaring oil prices instigated by Russia’s invasion of Ukraine. A price cap is aneconomic regulation that establishes an upper limit on the prices of a particular commodity or service. The leaders are from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. […]Continue Reading