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EU Push for Oil Product Price Cap by Friday Ahead of Ban

OIL PRODUCTS

The EU is aiming to agree a price cap on Russian oil products on Friday after postponing a decision on Wednesday amid divisions between member states according to Reuters reports.

  • The European Commission proposed last week a price cap of $100/bbl on premium products like diesel and $45 for products like fuel oil.
  • Poland and the three Baltic states are still pushing for the caps to be set at lower levels.

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