Italy’s PM Mario Draghi suggests big consumers club together to limit how much is paid and raises idea of EU gas price cap
nergy prices are skyrocketing as the world confronts the economic ramifications of Russia’s invasion of Ukraine, supply chain bottlenecks and the lingering effects of Covid-19 lockdowns. But Italy’s prime minister,The celebrated former European Central Bank president recently broached the idea of creating a “cartel” of oil consumers at a meeting with Joe Biden.
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Oil prices hit two-month high as EU eyes Russian ban – business liveLive rolling coverage of business, economics and financial markets as Europe pushes for embargo ahead of summit
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