Traders Dubious About Design of Russia Price Cap

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Oil traders continue to dismiss the G7's proposed price cap on Russian oil exports as impractical, even as governments thrash out the details ahead of formal implementation next week.

Oil Trade, Oil Prices, Crude Oil, Sanctions, Ukraine Crisis
Wanda Ad #2 (article footer)
Saudi Arabia's energy minister has warned once again that sanctions and underinvestment may lead to a global energy supply crunch.
Mon, Feb 6, 2023
Protestors have blocked roads to one of the country's key hydrocarbon areas for a week running.
Mon, Feb 6, 2023
The EU has agreed price caps for Russia's exports of refined products from Feb. 5. Non-EU members of the G7 also signed off on the caps.
Fri, Feb 3, 2023