EU closes in on $60 cap for Russian oil; pound rallies despite recession fears – business live

EU closes in on $60 cap for Russian oil; pound rallies despite recession fears – business live - short news


Rolling coverage of the latest economic and financial news

BP shares in Kremlin oil firm are ‘blood money’, says Zelenskiy adviser

The European Union tentatively agreed, subject to Poland, to set the price cap on Russian crude oil at $60 per barrel, an EU diplomat told Reuters on Thursday. Since the price cap is lower than what has previously been bandied around, it raises the spectre of some form of Russian supply retaliation which should lend support for oil..


Read more on The Guardian

source: The Guardian - 02.12.2022

Top