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EU to Meet Friday Evening to Attempt Russian Oil Cap Deal

OIL

EU ministers are set to meet Friday evening to try and finalize a deal on the Russian oil price cap according to Bloomberg reports.

  • Bloomberg reports its sources as ‘optimistic’ a price can be agreed upon this evening.
  • Two of the people said member states were discussing the inclusion of a regular price review as a potential compromise.
  • The current issue is that a number of key nations view the touted $65-70/bbl price range for Russian oil as far too high to dent Kremlin revenues.
Energy BulletsCommodities
Energy BulletsCommodities

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