G7 Attempts to Draw Line in the Sand with Price Cap on Russian Oil

G7 Attempts to Draw Line in the Sand with Price Cap on Russian Oil

RMI Supply

Attempting to thwart Russia’s global behavior, the G7 mandated a $60 price cap per barrel on Russian oil. While it applies to crude, petroleum oils, and oils produced from bituminous materials, some analysts are left scratching their heads, wondering how effective such a restraint will be. The price cap goal…

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Author Profile
Freelance Writer and Photographer

Nick Vaccaro is a freelance writer and photographer. In addition to providing technical writing services, he is an HSE consultant in the oil and gas industry with twelve years of experience. Vaccaro also contributes to SHALE Oil and Gas Business Magazine, American Oil and Gas Investor, Oil and Gas Investor, Energies Magazine and Louisiana Sportsman Magazine. He has a BA in photojournalism from Loyola University and resides in the New Orleans area. Vaccaro can be reached at 985-966-0957 or nav@vaccarogroupllc.com

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