The G7 coalition agrees on a price cap of 60 US dollars per barrel for Russian oil

Posted by datedbrent | Dec 3, 2022 | Oil | 0 |

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WASHINGTON/BRUSSELS, Dec. 2 (Reuters) – The Group of Seven (G7) nations and Australia announced Friday that they have agreed on a price cap of $60 a barrel for Russian sea crude after European Union members overcame opposition from Poland and a political agreement had been reached earlier in the day.

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