Russian Oil Price Cap: There is a discussion about imposing a price cap on the prices of crude oil produced in Russia. According to reports, the European Union may set a price limit of $65 to $70 per barrel on Russian crude oil prices. This price is more than the cost of production of Russia as well as more than the demand of those countries who are demanding to impose a price cap. It is believed that the group of 7 countries may agree to fix the price of crude…
Read MoreEuropean Union To Put Price Cap On Russian Crude Oil At 65 To 70 Dollar Per Barrel
