MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Russia Says It Has Not Seen Cases Of Oil Price Caps

OIL

The Russian government said it had not yet seen any cases of price caps on Russian oil, after researchers suggested the Kremlin has been suffering losses from the cap, a Kremlin spokesperson said.

  • "As far as the losses are concerned, no one has especially seen the caps yet," Kremlin spokesman Dmitry Peskov said.
  • Russian Urals crude have been trading at 37.8$/bbl on 6 Jan, according to Argusmedia, well below the EU/G7 price cap at 60$/bbl and at a steep discount to other international oil benchmarks.
  • Finnish research institute CREA estimates lost revenue for Russia because of the price cap at $170mn/day with a likelihood to rise to $280mn/day once the price cap on refined products will come into effect on 5 Feb.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.