EU Considers Imposing Price Cap of $65-$70 on Russian Oil

Bloomberg2022-11-23

The European Union, in coordination with the Group of Seven nations, is discussing capping the price of Russian crude oil at between $65 and $70 a barrel, according to people familiar with the matter....

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Comments

  • SNeo
    2022-11-23
    SNeo
    [Smug] 
  • Rawl
    2022-11-23
    Rawl
    Disgusting behaviour from EU members. Wantoil to keep flowing yet set a price cap. 
  • Moonshot
    2022-11-23
    Moonshot
    It's useless as the capped price is still at least 3 times higher than production cost. I wonder who are the audiences? [Thinking] unless we are looking at a surge of oil prices in the next few months perhaps? 
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