EU and the G7 May Agree on a Price Ceiling for Oil From the Russian Federation at About $60 Per Barrel

EU and the G7 May Agree on a Price Ceiling for Oil From the Russian Federation at About $60 Per Barrel

By Intel Slava Z

On November 23, the EU and the G7 may agree on a price ceiling for oil from the Russian Federation at about $60 per barrel.

This was reported by The Wall Street Journal, citing sources.

The Russian mark of oil Urals in November is traded in the range of 83-92 dollars per barrel.

Moscow says it will not sell oil to countries that accept a price ceiling.

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