oil
Kremlin’s oil revenues fall to two-year low
Another drop in oil revenues is hitting Russia’s budget stability, which is already teetering on the brink due to the costs of the war in Ukraine.
Oil prices in Russian ports have fallen below the “price ceiling”
The price of Urals oil in Russian ports has fallen below the “price ceiling” of $60/barrel set by Western countries.
Oil prices fall amid possible truce between Iran and Israel
Oil prices hit their lowest level in two weeks after Israel agreed to US President Donald Trump’s ceasefire offer with Iran.
Oil prices could soar to $80/barrel and higher due to US attack on Iran’s nuclear facilities, — Bloomberg
The US attack on Iran and the subsequent possible developments could cause oil prices to soar to $80/barrel or higher.
EU postpones price cap on Russian oil due to situation in Middle East
EU to scrap proposals to cap Russian oil at $45/barrel due to Israel-Iran conflict
Despite embargo: tanker with Russian oil enters Italian port
Libyan tanker with Russian oil arrived from the port of Ust-Luga to the port of Milazzo (Sicily).
EU will not lower Russian oil price ceiling without G7 support
The proposal to limit the price of Russian oil to $45 per barrel will not be included in the new sanctions package due to the lack of unity among partners.
Most G7 members ready to lower price ceiling for Russian oil without US
Most G7 countries are ready to act independently and lower the “price ceiling” for Russian oil, even if the United States refuses to do so.
Oil tanker bound for Russia runs aground in Sweden
The Panamanian-flagged oil tanker Meshka, bound for Russia, ran aground in the Öresund Strait in Sweden.
The Finnish Foreign Ministry proposes lowering the price ceiling for Russian oil to $40/barrel
The Finnish Foreign Minister believes that the “price ceiling” for Russian oil could be lowered to $40 per barrel.
