February 7, 2025
U.S. Treasury says oil price cap ‘institutionalizing’ Russian crude discounts

The European Union’s agreed $60 per-barrel price cap on Russian seaborne crude oil will keep global markets well supplied while “institutionalizing” discounts created by the threat of such a limit, a senior U.S. Treasury official said on Friday.
Read More

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *