An expected review of the price cap for Russian crude oil has led some countries to renew calls for a lower price cap to increase pressure on Russia as it continues its invasion of Ukraine, but energy analysts expect the US will push maintaining the status quo cap is still in its infancy.
On December 5, a $60/b cap on Russian-origin crude oil at sea was introduced when EU bans on ships and other maritime services needed to transport this crude oil came into effect. Raw broadcasts…
