A disparate oil-purchase response of European countries to the war in Ukraine makes the oil-cap agreement quite remarkable. It will also be successful if the oil price cap of $60 /bbl is low enough to reduce Russian export revenue but high enough to keep Russian oil flowing to markets.
Russian Oil Exports Are Capped - Things To Know About The Mother Of All Sanctions.
Forbes - 5 Dec 2022 00:48
A disparate oil-purchase response of European countries to the war in Ukraine makes the oil-cap agreement quite remarkable. It will also be successful if the oil price cap of $60 /bbl is low enough to reduce Russian export revenue but high enough to keep Russian oil flowing to markets.
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