G7 Price Cap Chatter Pushes Oil Futures Lower

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Crude futures sold off in Europe and the US on Wednesday as reports circulated that the EU and other G7 countries could agree on a relatively high price cap for Russian oil in a bid to keep Urals exports flowing after an EU ban on Russian crude imports takes effect in early December.

Oil Futures and Derivatives, Oil Prices, Oil Inventories, Sanctions, Oil Supply, Oil Demand, Crude Oil, Oil Products
Wanda Ad #2 (article footer)
The chances of getting permitting reform onto President Biden’s desk before this year's congress ends appear to be diminishing.
Fri, Dec 2, 2022
Brent ended slightly down on Thursday while WTI continued to rise amid signals of ongoing supply tightness.
Thu, Dec 1, 2022