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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.
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Free AccessYellen Touts Russian Oil Cap Around $60/bbl
US Treasury Secretary Janet Yellen said yesterday that a price cap of around $60/bbl on Russian oil exports would likely be sufficient to reduce Russian energy revenues while still maintaining profitable production.
- Yellen told an event at the International Monetary Fund and World Bank meetings that the price for the cap was still under discussion.
- Backers of the cap aim to implement it on Dec. 5.
- Yellen said that Russia has been willing to produce and sell oil in the $60 range over the past five to seven years.
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.