OPEC+ Agrees to Stick to Its Existing Policy of Reducing Oil Production Ahead of Russia Sanctions
The European Union is poised to ban all imports of Russian seaborne crude from Monday.
Oil prices have fallen to below $90 a barrel from more than $120 in early June ahead of potentially disruptive sanctions on Russian oil
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European Union agrees to a $60-per-barrel price cap on Russian oilEU tentatively agrees to a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Putin of funding for his war in Ukraine.
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Live blog: G7 agrees on $60 oil price cap to punish Russia for Ukraine warG7 group of wealthy countries and Australia officially agree to cap price of Russian oil at $60 a barrel in line with EU, as they seek to deny Moscow resources for its Ukraine offensive — now in its 283rd day Follow our live coverage:👇
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G-7 agrees to historic $60 a barrel cap on Russian oil to limit war revenuesThe Group of Seven nations' much-anticipated price cap on Russian oil will be set at $60 per barrel, the Treasury Department announced Friday, days before the ambitious and novel strategy to punish Russia for the war in Ukraine takes effect.
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Kremlin rejects EU oil price cap: 'Europe will live without Russian oil'The Kremlin on Saturday rejected EU efforts to hit Russia's top earner by placing a price cap on its oil and said 'Europe will live without Russian oil.'
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OPEC+ Keeps Oil Curbs Despite Russia Price CapOPEC+ said it will stick to its oil-output cuts amid mounting concerns over Covid lockdowns in China and uncertainty over Russia’s ability to export crude
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