01/12/2022at 14:51

EU closes in on USD 60 price cap for Russian oil as deadline looms

With a Monday deadline approaching, EU member nations appear to be closing in on a price cap on Russian crude oil of USD 60 per barrel, according to sources.

Photo: Bernadett Szabo/Reuters/Ritzau Scanpix

By Alberto Nardelli, Ewa Krukowska and Jorge Valero, bloomberg news

European Union states are starting to coalesce around a plan to cap the price of Russian crude oil at USD 60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.

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EU closes in on USD 60 price cap for Russian oil as deadline looms

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Related articles:

Biden still confident about price cap on Russian oil

EU is hooked on Russia LNG and paying billions to keep it coming

Russian diesel halt is still looking like Europe's big problem

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Front page now

Maersk divests historic ship – was world's biggest in 1997

Port of Rotterdam expects regular bunkering of methanol by the summer

Drewry director eyes one central weakness in Maersk's strategy

Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Further reading

EU considers capping Russian fuel prices at USD 100 a barrel

Carriers are blamed for a lot of things – but inflation should no longer be one of them

Only eight box vessels sold for demolition in 2022: "We are sure to see a backlog"

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