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Oil Price - G7 to hike sanctions on Russia, nears oil price cap deal
The Group of Seven rich democracies will commit tomorrow to a new package of coordinated actions meant to raise pressure on Russia over its war in Ukraine, and will finalise plans for a price cap on ...
Oil prices: G7 mulls Russian oil price cap and gold import ban
The move aims to curtail the Kremlin, which is benefiting from rocketing energy prices, cutting off its means of financing the invasion of Ukraine.
G-7 Expected to Agree on Exploring a Price Cap on Russian Oil
(Bloomberg) -- Group of Seven nations are set to announce an effort to pursue a price cap on Russian oil, US officials said Monday, though there is not yet a hard agreement on curbing what is a key ...
Higher oil prices help Angola pay off debts to Chinese banks
A surge in crude oil prices following the Russian invasion of Ukraine is hurting many economies around the world, but high prices are helping Angola, the second-largest oil producer in Sub-Saharan ...
Crude Oil Price Update – Tight Range as Traders Hope G7 Provides Catalyst for Next Move
Traders are expecting OPEC and its allies to stick with its plan for accelerated oil output increases in August when it meets on June 30.