EU Agrees To $60 Oil Price Cap ...Middle East

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EU Agrees To $60 Oil Price Cap
source : OILPRICE ( Middle East ) () 26
The European Union tentatively agreed to set the price cap on Russian crude oil at $60 per barrel, an EU diplomat told Reuters on Thursday. The deal must first be agreed to by Poland, who had pushed for capping Russian crude oil prices at the lowest level possible, then by all EU governments by writing by the Friday deadline. The United States warned the EU on Thursday that the $52 cited recently for Urals crude oil may not reflect the overall level at which Russian oil has been trading. An unnamed U.S. official has said that Urals has been trading…

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