Russia's crude price exceeds G7 price cap as market braces for supply crunch
The G7’s oil price cap mechanism is designed to retain Russian flows in the market while also limiting revenue for the Kremlin’s war coffers.
Source: nbcmiami.com
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Russia a 'reliable' energy supplier to Europe in 'difficult' times: Putin spokesperson
Russia moved on Jan. 24 to assert that it remains a “reliable guarantor of European energy security”, a day after the US and UK governments began withdrawing embassy staff from Kiev amid concerns that Ukraine — a key transit hub for oil and gas — could be invaded. “Russia was a reliable guarantor of European ...
Source: hellenicshippingnews.com