Oil drops 4% as the eu considers capping russian oil prices between $65-$70, with the bloc split on the potential move

Some EU countries consider the proposed price cap on Russian oil as watered-down, Bloomberg reported....

November 23, 2022, 2:55 pm

Fresh reports highlight the potential price cap for russian oil

Oil markets are losing ground while traders wait for the official announcement of the price cap....

November 23, 2022, 1:08 pm

Eu proposes gas price cap

Market movers today The most important data releases today will be the November Flash PMIs from the euro area, UK and US. We expect the figures to pro...

November 23, 2022, 7:18 am

Oil moves higher as western nations poised to agree on russia price cap

The measure would be enforced by refusing to insure ships selling the country's crude for more than the limit....

November 23, 2022, 5:11 am

More on g7 price cap on russian oil - will probably adjust the level a few times a year

The wheels have turned slowly on this price cap on Russian oil, but they have turned.

Via Reu...

November 22, 2022, 10:25 pm

China has held off on buying russian oil - awaiting the price cap to get it even cheaper

Overnight info slipping in ICYMI:

• China has paused some purchases of Russian crude oil
• China is sitting on its hands as it hang...

  November 22, 2022, 9:55 pm

Us treasury issues guidance on how to implement the price cap on russian crude

The plan has been firming up - December 5 launch is the talk.

...

November 22, 2022, 9:54 pm

Oil prices climb on big drop in u.s. crude stocks, russia supply uncertainty

Oil prices rose in early trade on Wednesday after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting s...

November 22, 2022, 8:24 pm

Wsj: western allies set to agree on russian oil price cap at around $60/bbl

The Wall Street Journal is reporting that Western areas are set to agree on Russian oil price cap ar...

November 22, 2022, 4:45 pm

OPEC+ speculation drives oil market volatility Oil prices are bouncing back as OPEC+ members continue to reject reports of an output hike at the next ...

November 22, 2022, 4:11 pm

Russian oil price cap may be higher than expected

Western countries are finalizing the details of the price cap scheme....

November 22, 2022, 1:07 pm

Saudi arabia may boost production ahead of price cap on russian oil

Market participants prepare for the Russian oil price cap, which will be implemented on December 5....

November 21, 2022, 11:42 am

Goldman cuts oil forecast on 'lack of clarity' over g-7 russia oil price cap, china covid outbreaks

The investment bank lowered its oil price forecast by $10 to $100 per barrel for the fourth quarter of the year....

November 21, 2022, 3:52 am

G7 plans to announce russian oil price cap on wednesday

Brent crude today touched as low as $85.80 but has since bounced to $87.17. It's near the September low and that's a big level with the OPEC meetin...

November 18, 2022, 4:16 pm

Xle: how to profit from the price cap on russian oil

Recent sanctions on Russian oil can create tumultuous crude prices. Despite recently announced preventative measures, the market still seems to undera...

November 18, 2022, 3:22 pm

Uk inflation hits highest since october 1981 but it could have been much worse

For some context, the Ofgem price cap was replaced by the govern...

November 16, 2022, 7:13 am

Oil weakens, gold rally losing steam

Oil Crude prices softened but didn’t break as energy traders await how supplies will be disrupted when the Russian crude ...

November 14, 2022, 6:35 pm

More on yellen seeing benefits for buyers of russian oil with the price capped

Moves from Western allies to cap the price of Russian oil will be a benefit to others says US Treasury Secretary Yellen.

• Beijing will be...

  November 14, 2022, 2:24 am

Us allows some energy-related transactions with a number of russian entities until may2023

The United States Treasury has said it'll be extending a general license that was set to expire next month. This allows some energy-related transa...

November 11, 2022, 1:23 am

Icymi: uk treasury confirms will not allow insurers to cover ships carrying russian oil

This from Thursday Europe/US time ICYMI.

• tanker owners flying any European Union flag or carry P&I insurance from an EU or UK club can n...

  November 10, 2022, 9:18 pm