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The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap

Dec 31, 2022 05:23 PM

2 mins read

The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.

Tesla Launches EVs In Thailand Amid Competition From Cheaper Brands

By Reuters

Dec 31, 2022 05:23 PM

Tesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.

Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains

By Reuters

Dec 31, 2022 05:22 PM

Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - Report

By Reuters

Dec 31, 2022 05:22 PM

The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.

Factbox - Western Governments Struggle To Agree On Russian Oil Price Cap

By Reuters

Dec 31, 2022 05:22 PM

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.