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Free AccessG7/EU To Set Russian Oil Price Cap On Wednesday
The G7 and EU aim to set the Russian oil price cap on Wednesday in order to have a plan in place before 5 Dec, sources told the Wallstreet Journal.
- Officials are discussing a price cap around $60-70/bl, sources said.
- EU ambassadors are scheduled to meet and discuss the price cap, which demand a unanimous agreement. The G7 is aiming to approve the cap in sync with the EU.
- A number of countries such as Poland and Lithuania have been urging for a far lower cap set around the price of production, around $20/bl.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.