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

EU diplomats said the floating cap would be recalibrated every three months based on the 10-week average of global prices, ...

In its next sanctions package, the European Union is planning a mechanism to dynamically adjust the price cap on Russian oil in response to market fluctuations, Bloomberg reported on July 11.

The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 ...

Even before a Russian attack drone murdered an innocent 1-year-old Wednesday and highlighted Vladimir Putin’s savagery, ...

The European Commission has suggested a floating price cap on Russian oil, targeting 15% below the average market price over ...

Conflicting supply/demand market signals this week had oil prices gyrating daily. The second-consecutive weekly inventory ...

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

If the Trump administration's decisions on ecomonic sanctions moving forward are consistent with the harsher-than-expected tariff rates we've seen announced this week, then there is a "small but poten ...

The EU's top diplomat on Friday (July 11, 2025) slammed Russia's latest blitz on Ukraine as "unacceptable", saying the ...

BofA said it still expects the Brent price to average $64/bbl in H2. On Friday morning, London-based September Brent prices traded at around $70/bbl, which was well below their 2025 high at above ...

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 ...