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G7 official says 'very, very close' on US$60 / barrel Russian oil price cap agreement

G7 official says 'very, very close' on US$60 / barrel Russian oil price cap agreement

G7 price cap coalition official

  • Says we are 'very very close' to agreement on $60-a- barrel price cap on Russian oil exports
  • Says expected agreement calls for maintaining price cap at 5% below market price for Russian crude
  • Says there is some discretion, flexibility in determining market price for Russian crude for price cap

This agreement is plodding along towards agreement. It's been a long road! The latest I had was that Poland was a hold-out.

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Posted: Dec 1 2022, 22:26
Author Name: forexlive
Views: 102116

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