The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude ...

The price of Russia's Urals crude oil remained $2 per barrel below the $60 per barrel limit imposed by Western nations amid ...

The European Union took a tentative step closer to a new price-cap regime on Russian oil that would aim to push the price of ...

The European Commission has proposed a major overhaul to its Russian oil price cap regime, introducing a floating benchmark ...

By Julia Payne and John Irish BRUSSELS/PARIS (Reuters) -The European Commission is expected to propose a floating Russian oil ...

The European Union may link the so-called price cap on Russian oil to global market prices. Source: Bloomberg Quote: "Member ...

The price of Russian crude oil has risen above a price cap set by the Group of Seven nations, in the first “real test” of whether the West can enforce one of its key sanctions against Moscow.

The European Union is edging closer to finally adopting its latest sanctions package, the 18th since the full-scale Russian ...

Tallinn says lowering cap from $60 to $45 per barrel would be most efficient way to curb Moscow’s energy revenues - Anadolu ...

The cap appears to be forcing Russia to sell its oil for less than other major producers, when crude prices are down significantly from their levels immediately after Russia’s invasion of Ukraine.

A crude oil terminal in Russia. A proposed price cap on Russian oil would essentially be an exception to Western sanctions, allowing the oil to be sold at or below a fixed price.