November 24, 2022 15:13 GMT
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Russian state media reporting President Vladimir Putin stating that the proposed G7 price cap on Russian oil will have 'serious consequences' for the global energy market.
- Comes on a call between Putin and new Iraqi PM Mohammed al-Sudani. Kremlin states that the two discussed the oil price cap and OPEC+ issues in the call.
- WSJ reporting that EU diplomats' talks regarding the oil price cap are not likely to reach an agreement today, with ambassadors set to meet again tomorrow to try to reach an agreement to allow the G7 action to go forward.