EU Weighs $100 Price Cap For Russian Diesel Sold To Third-Parties ...Middle East

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EU Weighs $100 Price Cap For Russian Diesel Sold To Third-Parties
source : OILPRICE ( Middle East ) () 12
The European Union is considering setting a $100 a barrel price cap on Russian diesel to limit the potential fallout on global supply after the EU ban on Russian refined products comes into effect on February 5, EU officials have told Reuters. The EU will ban—effective February 5—seaborne imports of Russian refined oil products, and around 1 million barrels per day (bpd) of Russian diesel, naphtha, and other fuels need to find a home elsewhere if Moscow wants to continue getting money for those products. An EU proposal calls for capping…

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