Page 2 - Price Ceiling News Today

Despite the G7 and EU’s imposition of a $60 per barrel price ceiling on Russian oil, the Kremlin continues to roll in the petrodollars, highlighting Moscow’s adeptness at navigating financial restrictions tied to its critical budgetary reliance on oil, experts told NV.

The European Union is currently undecided on whether to keep emergency price caps on imports of natural gas, implemented in February 2023, the Financial Times reported on Oct. 22.

Philippine President Ferdinand Marcos lifted a price ceiling on rice Wednesday, weeks after capping the cost of the staple to support poor households."As of today, we are lifting the price caps on rice, both for the regular milled rice and for the well-milled rice," Marcos said, at an event in Manila where a thousand sacks of "smuggled" rice seized in a raid were distributed to poor families. 

MANILA, Sept. 5 (Xinhua) -- Rice is essential on Filipino dining tables, serving as the canvas for countless culinary creations and traditions. However, the rec

Advocacy groups on Friday sounded the alarm over the issuance of an executive order setting retail price ceilings on rice across the country as it could result in lower farmgate prices of the commodity to the detriment of farmers.

When the West rolled out its unprecedented price cap on Russian oil late last year, it hoped to starve Moscow of much-needed revenue while minimising the impact on other countries.Moscow had taken its own steps to soften the impact of the price cap, including before its introduction eight months ago.

Both benchmarks gained more than 4% last week to touch their highest marks since May, rising for a second straight week after the worlds biggest oil exporters Saudi Arabia and Russia pledged to deepen supply cuts in August. Saudi Arabia will extend its 1 million barrels per day (bpd) output cut into August and Russia will cut crude exports by 500,000 bpd. Instead of cutting output, Russia will be using the crude to produce more fuel to meet domestic demand, a government source told Reuters on Fr...

Discover the impact of price ceilings on Russian government oil revenues and the challenges faced by Russia in the global oil market.

Holland America Line expands its Alaska Up Close onboard program across all sailings in the region this season.

/PRNewswire/ -- With Holland America Lines "Alaska Up Close," guests on Alaska cruises are deeply immersed in the local culture with informative onboard...