How G7’s price capping on Russian oil can affect crude prices - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Saturday, 17 September 2022

How G7’s price capping on Russian oil can affect crude prices

The group of seven nations – the US, Japan, Germany, Britain, France, Italy, and Canada - and the European Union are working to set a price cap on Russian oil. The expected price range would be about USD 40-60 a barrel. This is to limit Russia’s ability to fund its military action on Ukraine.

from Commodities-Markets-Economic Times
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